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>> No. 8117 Anonymous
6th January 2021
Wednesday 8:22 am
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Several lads here seem to have a grasp of investments and so on. Do any of you have a regular income outside "earner income"? What kind of category does it fall into, and how did you come into it?

I had a nice image, but brian isn't playing ball today. It's a list of different (very broad) types of income:
1 Earner income : work a job
2 Profit income : buy and sell
3 Interest income: lending money
4 Dividend income: owning stock
5 Rental income: renting out property
6 Capital gains : assets increase in value
7 Royalties: others use your work
Expand all images.
>> No. 8118 Anonymous
6th January 2021
Wednesday 8:56 am
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There seems to be a growing trend for people wanting to do "side-hustles" or to live off passive income, but if r/UKPersonalFinance is anything to go by these tend to be people earning <£22k or with about a grand in cash they want to generate an income from. The reality is most of these people would be far better served putting that effort into maximising their salary.

My girlfriend does surveys for Prolific in her spare time which, off the top of my head, guarantee to pay at least £8 an hour. She also participates in research studies, with the best one being getting paid £100 to wear a Fitbit for 8 weeks and at the end of the study getting to keep both the Fitbit and the Motorola phone provided to track your progress on it.
>> No. 8119 Anonymous
6th January 2021
Wednesday 9:50 am
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>>8118

Fair observation, and I agree. There's probably some psychological comfort in the feeling that you're not fully reliant on one source of income, even if the reality is that you are reliant due to how little you earn overall.

Personally, I am putting all my effort into maximising income in my chosen field at the moment. I've landed a decent job for 2021 (about 32k per year after tax) and intend to live a slightly nicer life than I have been for the past two years, where I was scraping by on part time work while earning a postgraduate degree.

Once I do have some savings, though, at what point does it become worthwhile investing in something? I've heard some arbitrary figures thrown out, such as "don't invest until you've saved at least 25k". Is there any good reason for this kind of thinking?

I also admit I'm someone that is inclined to save as a form of "runway" to take further big career risks, e.g. moving country or putting my money toward a new qualification. These have almost universally paid off so far, but I have also considered where I might be if I put that money to other uses. I could make a more informed decision about these kind of tradeoffs if I knew where I could put my money and what sort of return (if any) I could expect.
>> No. 8120 Anonymous
6th January 2021
Wednesday 10:18 am
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>>8119

Use your pension allowance to the full. It's tax free, if you take a salary sacrifice you'll pay no NI on your contributions and your employer will often match, so it's unbelievably cost-effective. If you play your cards right, you can often double your money before you've earned a penny in interest.

For similar reasons, get a Lifetime ISA - the government will give you a 25% bonus as long as you use the money to buy your first home or keep it until retirement.
>> No. 8121 Anonymous
6th January 2021
Wednesday 10:37 am
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>>8119
>Once I do have some savings, though, at what point does it become worthwhile investing in something? I've heard some arbitrary figures thrown out, such as "don't invest until you've saved at least 25k". Is there any good reason for this kind of thinking?

It all depends on your goals. Saving for a house, having a retirement plan, other capital expenditure, that sort of thing.

When it comes to cash it's generally recommended to keep at least six months of expenditure relatively available for emergencies or if you lose your job.
>> No. 8122 Anonymous
6th January 2021
Wednesday 11:18 am
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>>8118
Buy buttcoins. They've gone from £22k to almost £26k in about 24 hours, so at this rate they should be worth well over £100k by the end of next week.
>> No. 8123 Anonymous
6th January 2021
Wednesday 11:52 am
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>>8119
>"don't invest until you've saved at least 25k"

No, that's a waste and you'll never save that on your earnings. I was on about the same as you last year and believe me that after spending on a girlfriend and the odd trip to see a mate or parents there's not much left. You're poor and should find a lass with money.

My rule is £800 budgeted in my bank account as contingency/twat-money for immediate access and then savings go into a fund and share account. I suggest putting a regular savings amount from your monthly budget in a low-cost index tracker\s and if it all goes south then we'll all have bigger things to worry about. Don't bother with 'owt fancy that has an objective to beat the system, shitcoins or trying to play the market.

Like otherlad suggest you'll want to think about your long-term savings goals and for a Lifetime ISA the cap is 4k a year which nets you a 1k bonus. You can use this towards a deposit on your first home but be warned that taking money out of this means the government also takes 1/4 so consider this money locked. I suggest that come march open a Lifetime ISA and dump what you have saved which won't impact your April 2021-22 amount. You're goal being to have 4k in a share and fund account you can dump right into your Lifetime ISA every April.
>> No. 8124 Anonymous
6th January 2021
Wednesday 11:59 am
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>>8123
Not him, but I have £25k liquidity, sitting in my current account doing nothing, and I'm on less than the average wage. But I'm not going to pretend I'm a self-made man, I'm from a reasonably well-off family which has given me the freedom to build those savings. Maybe the shit advice on waiting has come from people from a similar background that don't have the same self-awareness.
>> No. 8125 Anonymous
6th January 2021
Wednesday 12:17 pm
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>>8124
>I have £25k liquidity, sitting in my current account doing nothing

That's insane and goes against even the most conservative advice I've seen. By 25k in savings I'm sure they mean putting that in an ordinary savings account on which there are many with the lower return end offering immediate access.
>> No. 8126 Anonymous
6th January 2021
Wednesday 12:27 pm
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>>8125
Oh of course I'm not doing it deliberately, I'm just too lazy to look into where I should be investing it. I suppose I'll keep back five grand for six months of emergencies as advised earlier, and put the rest into... ISAs? Trackers? Eh I dunno, I'm already bored.
>> No. 8128 Anonymous
6th January 2021
Wednesday 12:33 pm
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>>8123

Can you still take advantage of the Lifetime ISA if you have the HelpToBuy ISA already?
>> No. 8130 Anonymous
6th January 2021
Wednesday 12:41 pm
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>>8126
As has been said, you need to work out what you're wanting to do with this money first. If you'll need the funds in five years keep it in cash, beyond that look to invest it.
>> No. 8131 Anonymous
6th January 2021
Wednesday 1:42 pm
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>>8126
It's literally a few hours of your life and then you're best off leaving it alone and forgetting about it. Those few hours will earn thousands of pounds every year for the lifetime of the money sitting there which will rise as the money grows and you can boast to people that you're some money wizard.

If you can't manage that then there are people whose whole job is to manage money for a fee. Putting money into a fund/credit-union/whatever is pretty much that anyway. You can ring up your bank right now and say "hello I have 20k, tell me what to do with it" and they'll be calling you Sir and offering video calls.

>>8128
You can only pay into one ISA a year but there's nothing stopping you having both existing beyond that. Just consider that taking money out of a Lifetime ISA for anything but a limited number of reasons carries a 25% penalty whereas HtB varies by provider.

>>8130
>If you'll need the funds in five years keep it in cash

I think the term 'cash' might be misleading in this context. A savings account with a financial institution will be guaranteed under FSCS if the institution goes bust up to more than any of us need worrying about.
>> No. 8132 Anonymous
6th January 2021
Wednesday 2:14 pm
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>>8123
>My rule is £800 budgeted in my bank account as contingency/twat-money for immediate access and then savings go into a fund and share account. I suggest putting a regular savings amount from your monthly budget in a low-cost index tracker\s and if it all goes south then we'll all have bigger things to worry about. Don't bother with 'owt fancy that has an objective to beat the system, shitcoins or trying to play the market.

Do you mean £800 just as a standby in your account, or £800 put away just to fuck with per month? The latter is too much for me at £32k per year.

"Beating the system" is honestly a huge draw as to why I made this thread, but I know I may have to adjust my expectations. I imagine aiming for FIRE requires living like a monk unless you're an extremely high earner, or you're planning to reach retirement only a few years earlier than average.

Regardless, I want the best possible outcome for myself. Even though at the moment my main goal is to get a good job, I wish it wasn't my only option aside from starving.
>> No. 8133 Anonymous
6th January 2021
Wednesday 2:24 pm
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>>8132
One of my friends is doing FIRE and he's now earning £35k but was up until recently on £24k. He uses salary sacrifice to put most of his earnings into a pension and avoid repaying any student loan then puts about £600pm into an ISA that's invested largely in punts and ethical funds. I'd say he doesn't live like a miser, but he either walks or takes public transport everywhere and always lives in house shares.
>> No. 8134 Anonymous
6th January 2021
Wednesday 2:35 pm
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>>8133
I don't live like a miser, but do like the FIRE methodology very much; I was lucky enough to get paid a LOT in my twenties and poured money into my pension. I think it's one of the best investments you can make (and about the only really good money thing I ever did). Will retire very early.
>> No. 8135 Anonymous
6th January 2021
Wednesday 2:52 pm
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>>8132
Standby, I fucking wish I had £800 a month to piss up the wall. I eyeballed it awhile ago but got by on £200 which was frequently dipped into back when I was on 31k and we weren't under lockdown. I'd post a snapshot of my budget only purple is holding us ransom for takeaway Pizza.

>Regardless, I want the best possible outcome for myself. Even though at the moment my main goal is to get a good job, I wish it wasn't my only option aside from starving.

Money is magnetic, scrimp and save you will soon attract more is my general advice.
>> No. 8136 Anonymous
6th January 2021
Wednesday 2:55 pm
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>>8134

I'm pretty much in the same boat - I've been wondering recently what the upper limit on salary sacrifice is - I could really do 100% and use the money from my other sources to live on, but I feel like they won't let me do that.
>> No. 8137 Anonymous
6th January 2021
Wednesday 3:35 pm
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>>8136
You should be able to do it down to minimum wage.
>> No. 8138 Anonymous
6th January 2021
Wednesday 4:18 pm
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>>8125

I have 60 grand in an instant access saver as my "I don't care if I get fired because I have a year's living expenses" fund. Is there anything more intelligent I could be doing with that money assuming I might need to start drawing £5k/month out of it at some point?
>> No. 8139 Anonymous
6th January 2021
Wednesday 4:22 pm
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>>8138

You must have a much nicer life than me if you need 60 grand as a year's living expenses.
>> No. 8140 Anonymous
6th January 2021
Wednesday 4:27 pm
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>>8139

Must be one of those London lads paying 30k a year in rent and another twenty on quinoa.
>> No. 8141 Anonymous
6th January 2021
Wednesday 5:09 pm
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>>8136
The upper limit on annual pension contribution is £40k per year.
>> No. 8142 Anonymous
6th January 2021
Wednesday 5:20 pm
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>>8139

Divorces, kids, and drugs habits are hell on your finances.
>> No. 8143 Anonymous
6th January 2021
Wednesday 5:39 pm
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>>8141
Only if you can't carry forward.
>> No. 8144 Anonymous
6th January 2021
Wednesday 6:41 pm
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>>8138

Depending on the interest rate of your savings account, Premium Bonds may be better - currently 1% equivalent interest. Though it is not quite instant access - it takes a few days I think to get your money, it is zero risk (and it is nice to get an email saying you have won).
>> No. 8145 Anonymous
6th January 2021
Wednesday 6:48 pm
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>>8144

Premium Bonds! I was trying to remember the name last night and all I could come up with was "National Bonds" which didn't sound right at all. Googling for "like the national lottery but government bonds" was surprisingly unhelpful too.

My savings account is currently at a measly 0.25% interest. I'm sure if I went down to the local branch (if and when it's ever open, are physical banks essential in the age of cash machines and online banking? My mum's in her 70s and knows how to use a cash machine) I could get some kind of upgrade to another type of savings account but those bonus deals usually only last a year before they revert to the standard rate.

Cheers lad, you've not only fixed my tip-of-my-tongue issue from last night you've also given me a decent idea to investigate. Thanks lad!
>> No. 8146 Anonymous
6th January 2021
Wednesday 7:14 pm
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>>8144
>>8145

I've also noticed that NS&I do a nice little Junior ISA that I can throw up to £9000 a year in tax-free for the nipper to blow through when he either goes on a gap yaah or gets his first ASBO.
>> No. 8147 Anonymous
6th January 2021
Wednesday 7:32 pm
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>>8146
If you've the spare dosh put £240 a month into a pension for him. Tax relief would gross it up to £300.
>> No. 8148 Anonymous
6th January 2021
Wednesday 7:33 pm
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>>8144
>>8145
Do you really think a fucking lottery is the sign of a good deal?
>> No. 8149 Anonymous
6th January 2021
Wednesday 8:23 pm
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>>8148

It's a lottery where you get all your money back if you lose, guaranteed by the government. With interest rates at record lows, it's not the worst option for ultra-safe savings. You'll probably win nothing, but if the alternative is getting 0.01% APR...
>> No. 8150 Anonymous
6th January 2021
Wednesday 8:32 pm
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>>8148

It's significantly better than the bedrock low rates you'll get anywhere else at the moment if you don't have huge amounts to invest.

My grandad had premium bonds, and going through his finances when he died they did perform better than his ISA over about 30 years, that always stuck out to me as we always made fun of him for getting excited when he got a letter saying he won two quid or whatever.
>> No. 8152 Anonymous
6th January 2021
Wednesday 10:21 pm
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>>8147

I'm going to shock everyone here by admitting I don't have a pension myself (I'm incredibly pessimistic about the mid future and I'm absolutely certain almost no one under 40 is going to live long enough to receive the state pension if it even exists in 45 years time) so I'd never considered that you could start building a pension pot for a kid, an interesting idea.

That said, assuming the entire world doesn't end within the next 15 years or so he could at least cash out a Junior ISA at 18 and go scuba diving around Venice while Rome burns, or something.
>> No. 8153 Anonymous
6th January 2021
Wednesday 10:37 pm
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>>8152

Get a fucking pension lad. The best time to start a pension is ten years ago, but the second best time is now. If you don't trust the state to provide for you in old age, then that's all the more reason to provide for yourself.
>> No. 8154 Anonymous
6th January 2021
Wednesday 10:55 pm
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>>8152
A little exercise in compounding, ladm8. If an investment grows by 6.5% annually it would double every 11 years. Let's say you put £3,600 into a pension for a newborn sprog. Tax relief means your initial outlay is £2,880.

At age 11 it's doubled to £7,200.
At age 22 it's doubled to £14,400.
At age 33 it's doubled to £28,800.
At age 44 it's doubled to £57,600.
At age 55 it's doubled to £115,200.
At age 66 it's doubled to £230,400.

If you were in a position to do this for a few years then you would be setting your kid up for life with a comfortable retirement. There's a reason the wealthy tend to do this for their grandchildren, in part because it's also taking funds out of their estate for IHT.
>> No. 8155 Anonymous
6th January 2021
Wednesday 11:00 pm
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>>8154

While I doubt I'll ever be wealthy enough to ever need to worry about inheritance tax, 6.5% APR is very, very nice indeed. Cheers lad, I'll look into it.
>> No. 8156 Anonymous
7th January 2021
Thursday 1:49 am
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You lot are talking about complicated stuff, but I would like your thoughts on something. I have about £18,000 just resting in a savings account. I have been meaning to stick it in a stocks & shares ISA to buy into a index tracker of sorts. Is that advisable?

Please no lifetime ISAs or anything that will penalise me for withdrawing my money early.
>> No. 8157 Anonymous
7th January 2021
Thursday 7:46 am
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>>8154
Meanwhile, inflation is 5%. Oh look, that compounds too.
Management fees and the occasional Woodford 'nah, no money for you' also make me an unenthusiastic investor. I do have a pension (company matches, so good), but my pension statements over the years really don't show the magic of compounding leading to a rosy future. Those pounds I spent as a fresh graduate 30 years ago, have led to a pot I can earn in a few days. I could really have done with that money back then.
Small scale investing just feels like a waste of time, compared to using that time to earn more or do interesting things (like buying slightly nicer houses and riding that insane train, has worked for me at a level I've never even seen suggested for other investments).
_Saving_, though, makes sense, since at some point I'd like to stop work or ease off, but I'm just not seeing my saving pot actually growing much. Can it really and should I put the effort in?
Wish I'd mined bitcoin back in the day and kept it, but who doesn't...
>> No. 8158 Anonymous
7th January 2021
Thursday 8:05 am
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>>8157
If we're talking proper actual returns over a 60 year timeframe then inflation between 1959 and 2019 averaged out at 5.4% annually.

I don't think a global stock market index has been running that long. The MSCI World Index is probably the furthest you can go back and between January 1975 and January 2021 it has returned 21415.40%, so that's a compound return of 12.39% p.a. if I've done my sums right.

>the occasional Woodford

If you're unhappy with active management then use an index tracker. Woodford is so noteworthy because what happened is so rare; it's certainly not an 'occasional' event.
>> No. 8159 Anonymous
7th January 2021
Thursday 11:07 pm
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>>8156
It depends on your appetite for risk. Market performance far outstrips the interest on savings accounts but it goes up and down so if there's a crisis and you need to withdraw in a 5 year timeframe then you can lose money (common wisdom is that you will have made money by year 5). To address this risk people usually maintain a portfolio that includes bonds and what-not in fractions that vary by age - bonds are safer but the return reflects that so are better for old people's pension savings.

There's lots of stuff you can read online about this. As before think about what you're doing.

With that out the way; I'll say that I remain confident and even though I'm planning to buy a house this year I condensed everything in December into three low-cost trackers covering Japan, US and UK which I consider safe as a chav in a box. That's cocky by common wisdom but I'm confident for reasons and if 1 and/or all shit the bed then I'll just spend a few more years putting money in before I buy a place which will end up considerably better than what I can afford now. Also I'm a lazy fucker.

Bonds are still a joke of an investment in terms of returns. Hence Premium Bond lads gambling on a 1% return.

>ISA

Why bother? You're not going to exceed £12.3k in profits to be eligible for capital gains tax. If you do then, fuck me, I'll pay your CGT if you tell me what it is you're doing.

You're not losing anything by opening a fund and share account as an ISA, maybe compare platform fees but I doubt it'll change. What you will do though is lose the chance to pay into another ISA that year - should that ever be something you want to do.
>> No. 8160 Anonymous
8th January 2021
Friday 12:10 am
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>>8159
> Why bother? You're not going to exceed £12.3k in profits to be eligible for capital gains tax. If you do then, fuck me, I'll pay your CGT if you tell me what it is you're doing.

I thought interest from bank accounts was treated as income for the purposes of income tax. Have I missed something or are you suggesting setting up a limited company with a business account so that interest counts towards capital gains and not personal income?
>> No. 8161 Anonymous
8th January 2021
Friday 12:37 am
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>>8159
Thanks mate. I will read up some more on it.

>three low-cost trackers covering Japan, US and UK
Could you share what trackers that might be and what platform you would recommend? I have been eyeing HL for a bit now.
>> No. 8162 Anonymous
8th January 2021
Friday 12:44 am
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>>8161
HL is great.

I have a couple of Legal & General Funds which are doing great, the one HSBC tracker I have is doing shit.
>> No. 8163 Anonymous
8th January 2021
Friday 1:31 am
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>>8160
What?

>>8161
This is a HL website!

That said you pay more in platform fees on HL which add up (my tips will cost you £7~ a month on your amount) so if you just want to plop some money down then Vanguard is almost certainly a better deal on platform fees and probably others too. The main advantage of HL is apps, charts, selection etc. and like me you'll probably be too lazy to change once you're in.

Anyway:
HSBC FTSE 250 INDEX
ISHARES JAPAN EQUITY INDEX
LEGAL & GENERAL US INDEX

1. I'd be tempted to switch out FTSE 250 for 100 or, if you hate Britain, pick something else. It's underperformed for obvious reasons in recent years and your bet will be that the vaccine programme continues to lead on Europe and possibly even the US meaning we can be normal-ish sooner.

2. Japan is a good bet for long-term stability and Abe-Suga have been doing things Japan has needed for a long-time in opening up trade. It's also in good proximity to the rest of Asia without so much obvious problems.

3. The US just grows and this has beaten all my other bets. It has a little star next to it and is cheap so it makes me feel special. Throw all your money here if you want, fuck it all.

Previously I looked into South Korea but things have been booming for too long imo and I expect it'll drop like a stone as people cash out like happened with tech. I did a jolly with Italy recently but it just pissed me off by doing nothing and a specialist fund is expensive.
>> No. 8164 Anonymous
8th January 2021
Friday 2:14 am
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>>8163
>LEGAL & GENERAL US INDEX

I've got some of the L&G Global Tech Index one which is doing well for me. ALSO you need some Fundsmith in your life, they're doing the best out of all my funds.
>> No. 8165 Anonymous
8th January 2021
Friday 8:12 am
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If you're going to pick funds then the key thing is to understand what you're actually investing in rather and why you've chosen those funds than following what everyone else seems to be doing. Otherwise when things get choppy you'll start to panic.

I would pick a global equity fund for the core of your holdings that you can set and forget about. Most people when they're investing look to manage risk and they try to do that through spreading their investment around; investing across the globe would provide better diversification than investing in one geographic region. This does depend on your attitude to risk; you could diversify further by investing across other asset classes but there is the trade-off between risk and reward so it'd be at the expense of potentially lower returns; if you're investing over the long-term then the shorter term peaks and troughs of the markets get smoothed out anyway.

Once you've got your core established you could look to have satellite holdings in whatever takes your fancy. Biotech. Health. Gold. Individual stocks. Anything you have a particular interest in or passion about helps on this front.

Lastly, whichever platform is best for you will depend upon how much you're investing and how frequently you trade. In my shoes AJ Bell shit all over HL but it's not best for everyone.
>> No. 8168 Anonymous
9th January 2021
Saturday 2:22 pm
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>>8165

Is it possible to get enough of an insight in a particular industry that you invest and make money from that specific area?

I've worked in biotech and health for the past couple of years and would have loved to have thrown money towards a few companies during that time, but never had the money to be able to do it.
>> No. 8169 Anonymous
9th January 2021
Saturday 3:20 pm
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>>8168
I'll give you a few examples. My friend is a vegan and he's quite passionate about the environment, so he's invested in companies that he feels will do well in those areas like Beyond Meat and funds like Baillie Gifford Positive Change; the latter was absolutely ridiculous last year because its largest holdings include Tesla and Moderna. I have a friend who works in food technology, or something like that, so he's bought into Agilent Technologies because he's been impressed with them through his dealings in that industry and they've been steadily going up.

I work in financial advice and the only company I've invested in related to that is AJ Bell, so please use their platform, because I like them as a company and I knew when they floated at the end of December 2018 their price would go up considerably. Everything beyond that is taking a punt on a fund like Smith & Williamson Artificial Intelligence that is in sectors I have a hunch will do well at the time.
>> No. 8170 Anonymous
9th January 2021
Saturday 4:13 pm
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>>8168
>>8169
I reckon the right kind of advice is to invest in the companies you like. If you think killing crabs is great and there's a certain business who provides a quality service then you do a little further research (e.g. ESG) and invest. Obviously they're doing something right by the consumer and by raising demand for shares you offer them greater potential to raise capital for improvements that, by extension, help you have better crab killing products. Then when they fuck up by doing a new crab saving product line you'll hopefully be ahead of the curve enough to get out.

It's an idealist outlook and there's other ways to invest but you ought to be cynical of getting in early on the next big thing or even beating the market. Also if you're investing in anything related to your profession then seriously sit down and ask if you could defend it in a tribunal - that goes double if you're an NHS-lad as even the whiff of being bent will leave a mark.
>> No. 8171 Anonymous
9th January 2021
Saturday 4:27 pm
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In b4 it's in the news that millions gets pumped into Games Workshop because you nerds decide to invest in your hobbies.
>> No. 8172 Anonymous
9th January 2021
Saturday 4:41 pm
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>>8171
Games Workshop performed better than the market last year if I'm not mistaken.

I want to buy some Abcam shares because they just went public last year but they're not listed on eToro.

I bought Thermofisher Scientic because I recognized it from working in Mol Bio labs and it's looking pretty healthy so far with a presentation to be made this week.

I have no idea what I'm doing.
>> No. 8174 Anonymous
9th January 2021
Saturday 4:45 pm
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>>8172
About five years ago the Games Workshop share price was about £5.50. It's currently at about £117.
>> No. 8175 Anonymous
9th January 2021
Saturday 4:47 pm
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>>8171
That already happened in 2016. Have a look at a chart that covers Games Workshop's entire history.
>> No. 8176 Anonymous
9th January 2021
Saturday 5:03 pm
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>>8175
That was you lads behind it?
>> No. 8177 Anonymous
9th January 2021
Saturday 5:15 pm
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>>8176

People have theorised about what caused it, from the release of the Primaris range introducing new blood to the 8th edition of 40K and renewed interest image of Sigmar riding the wave of popularity "nerd stuff" in general is enjoying recently (thanks to the likes of TV shows such as Stranger Things featuring DnD).

However personally I think it's just a complete stroke of luck for them, they had new management take over and released a refresh of much of their product range [i:]just[/i] in time for the lads who were kids in the 90s and early 00s, during GW's last major peak in popularity, to start reaching the stage in the life they can afford to spend a fuckload of money on plastic soldiers they wish they'd had as a kid.
>> No. 8178 Anonymous
9th January 2021
Saturday 6:32 pm
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>>8177
I would also ay a part of it there's a lot of bored people with time on their hands spending it painting up models.
>> No. 8179 Anonymous
9th January 2021
Saturday 6:59 pm
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>>8178

Yeah, they've no doubt done very well out of the pandemic, but they were already on the upward trajectory before it.

I wouldn't consider them a safe investment though, I forsee it going the same way as before where they eventually get a bit too greedy and alienate a lot of customers. The non-grognard normies won't stick around when the nerd culture fad ends in another few years.
>> No. 8180 Anonymous
9th January 2021
Saturday 7:26 pm
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>>8176

Like everything else, Tonty Blair was behind it.
>> No. 8181 Anonymous
9th January 2021
Saturday 7:47 pm
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>>8179

They've been putting out video games pretty consistently in recent years which have been pretty well received.

Whilst I don't like the business model of the Necromunda re-release it seems to be the TG equivalent of doing DLC which has been very profitable for the video gaming industry.

If GW allows somebody to do serious TV/Movie adaptations of their IP I could see them increasing sales further still.
>> No. 8182 Anonymous
9th January 2021
Saturday 8:32 pm
8182 spacer
>>8181

I'm a bit miffed at the number of supplements in the new Necromunda but a full range of gangs and rules are, afaik, available through one book now. You just need to hold on and not buy things as soon as they're released as they seem to consolidate them later much of the time.

Of course you can just use the minis for vintage necromunda, the new gang kits are very nice.
>> No. 8183 Anonymous
9th January 2021
Saturday 11:44 pm
8183 spacer
>>8182

If they'd just do a proper skirmish like Necromunda but with 40k minis/factions, I'd be all over it. Kill Team is shit.
>> No. 8196 Anonymous
13th January 2021
Wednesday 8:24 pm
8196 spacer
My Stobart investment has roughly doubled in value. What stupid company should I reinvest the gains into?
>> No. 8200 Anonymous
14th January 2021
Thursday 3:54 pm
8200 spacer
>>8196
Weaponised Autism generated some remarkable movement in Gamestop Stock yesterday.

Those people reckon PLTR price is being suppressed until lockup is over and that the price should moon at the end of this month. Only 20% of stock is in circulation currently, with the 80% owned by insiders to potentially go on sale the first week of February. Citi just downgraded the stock this morning and so it's doing especially shitty today. This is a data analysis type company who has its fingers in a lot of State Surveillance type activity. Potentially could be a ten bagger if it goes the way of Tesla (Peter Thiel is in the Paypal mafia).

Blackberry has been doing poorly, but had a rebound after doing a deal with Amazon before being shorted into the dirt by Hedge Funds. They're getting involved in making software for EV so maybe could be on track for an uptrend.

I like the ARK ETFs for being able to invest in an area of tech without having to put too many eggs in a single basket (but for a couple of them the growth is driven mainly by TSLA).

finviz.com is a cool site to look at stock info
I don't know anything about investing except what I'm told to do by /r/wallstreetbets and /biz/ on the other place.

https://www.bloomberg.com/news/articles/2021-01-13/heavily-shorted-gamestop-soars-most-ever-as-day-traders-circle
>> No. 8204 Anonymous
14th January 2021
Thursday 6:49 pm
8204 spacer
>>8200

BB had a good day today.
>> No. 8214 Anonymous
15th January 2021
Friday 7:22 pm
8214 spacer
>>8200

The Wallstreetbets phenomenon is endlessly amusing, at least if you're someone that can afford to invest a few grand on something a meme post told you to buy. I keep seeing posts like "I found wsb yesterday and now I own 100 GME shares" which feels like a disaster waiting to happen, but then I suppose it's not really different to people watching youtube videos ten years ago about how to become your own boss via forex trading.
>> No. 8215 Anonymous
15th January 2021
Friday 8:16 pm
8215 spacer
>>8214
It goes for all forms of investing really. UKPersonalFinance is full of people who don't know what they're doing and will invest in Vanguard because they've decided to follow what everyone else is doing without truly understanding why or what this actually means, so they'll they have to sell their investment and reinvest it every time it goes up to benefit from compounding or some dumb bollocks like that; it was fun watching them flap around when everything went tits up in March.
>> No. 8216 Anonymous
15th January 2021
Friday 10:32 pm
8216 spacer
I was doing really well from my Blackberry trade then fucked it all up by buying Bionano Genomics high. I'm one of the poor retail meme investors that you richlads are being judgy about.
>> No. 8217 Anonymous
15th January 2021
Friday 10:38 pm
8217 spacer
>>8216

No judgement, I'm in the dangerous position of knowing a little bit but not a lot. There's no doubt my portfolio would be better off had I just followed the top post on WSB every week. If their polls of holdings are to be believed, they're basically a decentralised hedge fund at this point, and playing their own game. I don't know what the industrylads think about it, but I like it, it feels new.
>> No. 8218 Anonymous
15th January 2021
Friday 10:55 pm
8218 spacer
>>8217

My take is that most of the trading that happens is algorithmic (like in Flash Boys) and conforms to certain specific patterns based on stock movement with little consideration of things that are happening in the real world regarding companies.

Large hedge funds manipulate markets to suit themselves by throwing their weight behind trades. These people usually have boomer mindset and it's most apparent when shorting companies to try and acquire them at less than fair market value.

Trading has become more accessible to poor people via things like RobinHood and although individual behaviour isn't enough to move markets, collective behaviour can be influential.

Young professional traders are frustrated because they understand the flaws in the market and can see how the whales manipulate it, but are unable to do anything about it. see Byron the Bulb from Gravity's Rainbow If they post on the other place they can recruit sufficient numbers of people to achieve the kind of 'Open Source Hedge Fund' phenomenon you mention.

Most of the successful investment of recent decades has operated on a kind of Rentier Capitalism or Capturing Value kind of paradigm, whereas a lot of the tech stocks that have flourished recently are creating new tech and new markets creating a potential future space for growth.

I can't figure out how much of the current sitch is Speculative Bubble and how much is actual New Paradigm, but I will continue to gamble my beer money on markets for as long as Pubs, Restaurants and Cinemas are closed.
>> No. 8221 Anonymous
16th January 2021
Saturday 11:41 pm
8221 spacer
>>8152
>I'm going to shock everyone here by admitting I don't have a pension myself (I'm incredibly pessimistic about the mid future and I'm absolutely certain almost no one under 40 is going to live long enough to receive the state pension if it even exists in 45 years time)

...and? What's that got to do with building a personal pension? Surely that's an incentive to do more about it?
>> No. 8222 Anonymous
16th January 2021
Saturday 11:49 pm
8222 spacer
>>8215
>, so they'll they have to sell their investment and reinvest it every time it goes up to benefit from compounding

Pardon me?
>> No. 8223 Anonymous
17th January 2021
Sunday 12:09 am
8223 spacer
>>8218
I've been having similar thoughts myself although I keep having a horrible pessimism from the potential for manipulation either deliberate or because of spectacle. That and the story of the senior Kennedy knowing a crash was imminent because a shoeshine boy tried giving him stock tips.

Oh well, may as well enjoy the roaring '20s while they're here. Maybe one day the whales in Forex will get a well deserved kicking.
>> No. 8224 Anonymous
22nd January 2021
Friday 6:31 pm
8224 spacer
GME short squeeze hit today. Might not be over yet.
>> No. 8225 Anonymous
22nd January 2021
Friday 8:23 pm
8225 spacer
>>8224

I don't think it will be over for a while, today was probably just one fund hitting margin, there's more to come.

I'm really interested to see what comes of this. Can the SEC file against a subreddit?
>> No. 8226 Anonymous
22nd January 2021
Friday 11:30 pm
8226 spacer
>>8225

It seems like on the face of it it would be absurd, it's less coordinated but more visible than other blocs. Wish that mod hadn't posted on twitter, it all seemed fun until then.

Anyone dipping a toe in this? Obviously dangerous expecting these relatively short returns, but this could be a phenomenon that never happens on such scale again.
>> No. 8227 Anonymous
22nd January 2021
Friday 11:35 pm
8227 spacer
>>8226

I bought in at 18 and sold on the first spike at 28 because I'm a moron, then bought in again at 38 and sold at 62 because that's when etoro closed trading.

Reckon I'll buy in again at 60 because I see it going to 100 before this is over and over the course of the past year wanking is yielding severely diminishing returns with regards to dopamine release in my brain.
>> No. 8228 Anonymous
22nd January 2021
Friday 11:45 pm
8228 spacer
>>8226

I bought in at 20 based on the initial short squeeze chatter. I should have bought more than I did, really, but I'm not complaining. Will likely hold all next week. I'm holding out hope that it reaches the same silly levels the VW squeeze did, though I will not lose sleep over "only" tripling my money if I close at numbers like we did today.

The one I'm expecting to retire on is still PLTR. Or a certain northern airline that's doing well even during a pandemic that I cannot legally tell you to buy.
>> No. 8229 Anonymous
23rd January 2021
Saturday 12:26 pm
8229 spacer
>>8225

It will be funny if they do 'then this self-professed army of retards and autists proclaimed they would send this stock to the moon'.

There is considerable evidence that hedges were naked short selling which is very illegal and complaints have been made to the SEC regarding this.

Michael Burry called the situation in March of last year, so I think reddit is getting way too much credit for this
>> No. 8230 Anonymous
23rd January 2021
Saturday 7:45 pm
8230 spacer
>>8229

>Michael Burry called the situation in March of last year, so I think reddit is getting way too much credit for this

This is fair, though I think it can't be argued against that the momentum was built on reddit.
>> No. 8231 Anonymous
23rd January 2021
Saturday 8:35 pm
8231 spacer
>>8230
Actually the tipping point was Cramer talking about it after arguing with people on Twitter but same diff.

Everything is connected.
>> No. 8232 Anonymous
24th January 2021
Sunday 2:54 am
8232 spacer
>>8229
>There is considerable evidence that hedges were naked short selling
This is typically how short squeezes tend to work. There are sell orders in for more shares than can actually be acquired, prices rise on the buy-backs, then the shorts can't cover their positions because nobody's selling. The exact same thing happened to Volkswagen a few years ago, when Porsche used options to huff VOW when the shorts piled in, resulting in a squeeze that briefly made it the most valuable company in the world.
>> No. 8233 Anonymous
24th January 2021
Sunday 3:01 am
8233 spacer
>>8232 continued
On further research, at one point there were short positions on 144% of the issued shares in GameStop. It's impossible to back that fully, by definition, so clearly at least a third of that must have been naked.
>> No. 8234 Anonymous
24th January 2021
Sunday 7:28 pm
8234 spacer
Got a spare few hundred bob. I'd not planned on looking into trading until the house was sorted, and nothing short term, but lurking wsb has basically just been for the craic until this point. Now I feel like I just want to walk into the casino with £500 and leave my card at home.

Does anyone have a suggestion on where I could find the steps to put my money to short term, high risk work on this GME thing?
>> No. 8235 Anonymous
24th January 2021
Sunday 7:43 pm
8235 spacer
>>8234

I think it's too late to go to work on the GME thing, but if it hits $60 you can expect it to hit $100. Ryan Cohen is projecting $169, but people will realise gains at a prices lower than this. The market closed last week on a jump of 10% in an hour and the price dropped following that.

I'm long on BB, GEVO, BNGO, PLTR and expect significant movement soon, but nothing like GME has seen.
>> No. 8236 Anonymous
24th January 2021
Sunday 10:28 pm
8236 spacer
>>8235
>BNGO

Confess - you initially looked into that because you could tell people you won money on bingo.
>> No. 8237 Anonymous
25th January 2021
Monday 6:15 am
8237 spacer
>>8236
Bingo.

But seriously, the company is a new player in the genomics space. Other established companies like ILMN and TXG are doing R&D focusing on increasing coverage and fidelity. While Nanopore technology will ultimately be the gold standard genomic technology (see: Oxford Nanopore Technologies) for the forseeable future once it surpasses existing PCR based techniques, BNGO's Saphyr tech can take lower resolution pictures of the genome faster and potentially cheaply enough to be employed in routine clinical practice.
There was a recent paper using the platform to diagnose autism, they are currently working on seeing if it can be used to predict who will have severe outcomes following COVID infection. The applications for this kind of diagnostic approach has great potential in a wide range of diseases.

Initially the ARK investors were cold on the company, but have since made comments indicating interest. If ARKW takes it up as a holding the price will likely jump. I think they are planning on offering additional shares at discount to institutions which will likely tank the price in the short term.

I'm a science wonk and have done some OG sequencing and NGS work previously and believe in the future of the tech although this company is potentially a risky pick. Most of my holdings are in boring/safe/established Biotech companies, but this one has a lot of room to grow. PACB is another meme gene stock in this sphere but given its recent parabolic growth I think I was too late to this particular party.
Woof!
>> No. 8238 Anonymous
25th January 2021
Monday 3:45 pm
8238 spacer
The ~£221 in my Trading212 account on Friday is now up to ~£262 at the minute. Lads, how do I stop myself from getting carried away and pumping all of my cash holdings into shares I know nothing about?
>> No. 8239 Anonymous
25th January 2021
Monday 4:30 pm
8239 spacer
>>8238

Haha.

First piece of advice is not to take financial advice from anonymous strangers online.

Second would be not to put more into the market than you can afford to lose. Who knows how long this bubble will last?

Third don't invest in things you don't understand. Good gamblers tend to know a bit about the horses they are betting on beyond their names.

finviz.com is a good site for reading up on individual shares.

'A Random Walk Down Wall Street' is a classic investing book
'The Intelligent Investor' is a good, more recent book on the topic which details a defensive investment strategy.
'Quantitative Momentum' is one I read recently which I have been using to interpret charts.
>> No. 8240 Anonymous
25th January 2021
Monday 8:34 pm
8240 spacer
>>8239
I'm "down" to ~£247 so that has tempered some of my enthusiasm. My problem is that I have poor impulse control and can get carried away.

I'll keep with the stocks I have for now and next time I'm looking for something new I'll analyse the hivemind:

https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment
>> No. 8241 Anonymous
26th January 2021
Tuesday 10:52 pm
8241 spacer
>>8240

Cool site, but for all the stocks I looked at the reddit peak interest follows the market action (reddit interest doesn't appear to cause share price increase). Peak reddit interest tends to be followed by a plateau in share price.

I'd like to see a similar site for 4chan /biz/ stock mentions

I'd also like to see cluster analysis regarding which stocks are mentioned in the same place/by the same people

This is pretty interesting too
https://www.highshortinterest.com/

2021 is the year that Bitcoin millionaires from 4chan accidentally initiated an international, decentralized, non-linear hedge fund waging war against aggressive short sellers. It's behaving like an egregore.
>> No. 8242 Anonymous
27th January 2021
Wednesday 2:59 am
8242 spacer
Had $8 left in my Revolut, so bought some GME. I have no idea what I'm doing, but if I can turn it into £20 then curly wurlies are on me.
>> No. 8243 Anonymous
27th January 2021
Wednesday 11:05 am
8243 spacer
>>8242

$320 premarket lad. Mine's a Wispa.
>> No. 8244 Anonymous
27th January 2021
Wednesday 11:47 am
8244 spacer
>>8239
>'A Random Walk Down Wall Street' is a classic investing book

Agree - it's a really good book.
>> No. 8245 Anonymous
27th January 2021
Wednesday 1:34 pm
8245 spacer
I've got about £75 spare. Do I join the GME train or have I left it too late? I decided against it on Friday afternoon when it was at about $60 and I do have a habit of thinking I've missed the boat followed by things continuing to go up and up.
>> No. 8246 Anonymous
27th January 2021
Wednesday 2:40 pm
8246 spacer
Can't even afford half a share as that's currently £110.
>> No. 8247 Anonymous
27th January 2021
Wednesday 2:44 pm
8247 spacer
>>8246
Wanna go halves?
>> No. 8248 Anonymous
27th January 2021
Wednesday 2:47 pm
8248 spacer
>>8247
I can't even get on Trading212 now. Looks like it's down.
>> No. 8249 Anonymous
27th January 2021
Wednesday 2:50 pm
8249 spacer
It's down. They can't cope with demand.

https://twitter.com/Trading212/status/1354433568521519105
>> No. 8250 Anonymous
27th January 2021
Wednesday 3:12 pm
8250 spacer
>>8242
>>8243
If I cash out now, it's £12.20. It seems the meteoric rise is slowing?

Do I hold tight with that £12 or take out my initial investment of 2 meal deals (or 12 cans of tesco's cheapest cider) and leave the other £6 to do what it may?
>> No. 8251 Anonymous
27th January 2021
Wednesday 3:12 pm
8251 spacer
>>8249
etoro too.
>> No. 8252 Anonymous
27th January 2021
Wednesday 3:15 pm
8252 spacer
>>8250
Just refreshed and now I'm down to £5. I don't think I could handle doing this with real amounts of money.
>> No. 8253 Anonymous
27th January 2021
Wednesday 3:27 pm
8253 spacer
>>8245
>>8246
I say no and at most get out before Friday. Although I've said no everyday because this is completely irrational and you're following the crowd on a stock that is already obscenely overvalued.

My more general advice is get £35 more and use it on a low-cost corporate bond index tracker. I don't think I'm a madman for realising the bullrun will end by Spring when reality starts to bite and retail investors who have stuck way too much of their savings on tech stocks cash out because they need to pay rent. Defence now, risky bullshit later. You might have enough for a chomp by the year's end.
>> No. 8254 Anonymous
27th January 2021
Wednesday 3:44 pm
8254 spacer
>>8252
Doing it with real amounts of money, on real stocks, doesn't feel anything like this to be honest. Enjoy the fun while it lasts, and you're not on the losing side.
>> No. 8255 Anonymous
27th January 2021
Wednesday 3:45 pm
8255 spacer
I'm not involved but it seems that now is the worst time to get involved because the whole internet is getting excited about this shit.
>> No. 8256 Anonymous
27th January 2021
Wednesday 4:00 pm
8256 spacer
>>8254

This. Usually it's just putting money somewhere and forgetting about it for a few months, not this madness.

>>8255

Believe it or not, it's still going to go up. Impossible to tell by how much, but there's still millions of $20-40 shorts out there. Usually when the shoeshine boy gives you stock tips you know to get out, but for once there's no trick, the shorts have to cover, the only thing we don't know is where the peak is or how fast it'll wind back down.

However, the people on the losing side of this are huge and have friends in high places. They already appear to be lying to CNBC about big firms closing - the volume doesn't back this up.
>> No. 8257 Anonymous
27th January 2021
Wednesday 4:05 pm
8257 spacer
>>8256
I'm just idly observing this thread and jumping in because I don't understand - "it's still going to go up ... there's still millions of $20-40 shorts out there ... the shorts have to cover" - sorry I'm not following, I thought the shorts having to cover would mean that they are selling now, so why would that drive the price up? Or are you saying that it needs to go up further in order to force them to cover and Reddit aren't done yet?
>> No. 8258 Anonymous
27th January 2021
Wednesday 4:10 pm
8258 spacer
Sorry ignore me, I'm being an idiot and forgot what shorting means. They have to buy the stock back at a loss and that will drive it higher.
>> No. 8259 Anonymous
27th January 2021
Wednesday 4:13 pm
8259 spacer
>>8256
>Believe it or not
No. Remember the advice given in this thread and the other; don't invest in things you don't understand. I'm doing that. You might make money investing now, you might not. But investing now is the wrong thing to do, because it's still up in the air.
>> No. 8260 Anonymous
27th January 2021
Wednesday 4:17 pm
8260 spacer
I'm going to split what I was going to put in GME 50:50 into two of these. Which should I go for:-

Aalberts NV (AALB) - a Dutch water technology company.

Clean Harbors Inc (CLH) - A US hazardous waste company.

Rayonier Inc (RYN) - A sustainable timber company.

PTC Inc (PTC) - A CAD software developer.

NIBE Industrier AB (NIBE) - A Swedish heat pump manufacturer.

Ivanhoe Mines (IVN) - A Canadian mining company looking to plunder Africa.

Vocera Communications (VCRA) - Something to do with healthcare and voice recognition.

Vapotherm (VAPO) - Specialise in treating respiratory diseases.

Lyra Therapeutics (LYRA) - Specialise in ear, nose and throat treatment.

These are all complete and utter punts.
>> No. 8261 Anonymous
27th January 2021
Wednesday 4:17 pm
8261 spacer
>>8259

That's fair. I'm not telling anyone to do anything, particularly if their only understanding comes from an imageboard post saying "no really guys".
>> No. 8262 Anonymous
27th January 2021
Wednesday 4:36 pm
8262 spacer
>>8260
>Ivanhoe Mines (IVN) - A Canadian mining company looking to plunder Africa.

Um... maybe not them.
>> No. 8263 Anonymous
27th January 2021
Wednesday 4:56 pm
8263 spacer
>>8260

>Clean Harbors Inc (CLH) - A US hazardous waste company.

That one stood out to me, assuming they deal with nuclear. That's a problem that's been needed to be dealt with for decades, and is only really starting to make progress now. I imagine any company with solutions to nuclear waste would be a solid bet.

I know nothing of the company though, for the love of good do your own research.
>> No. 8265 Anonymous
27th January 2021
Wednesday 5:09 pm
8265 spacer
>>8260


Sciencelad here. Def not VAPO or LYRA as they are trending down. VCRA looks ok. The first two don't really have any drugs in the pipeline and what they do have is unlikely to succeed in the coming years, and if it does it's unlikely to take market share from existing similar things.

VCRA is trending upwards really nicely, but it's not going to get any crazy momentum. Telemedicine is very vogue in terms of tech innovation, it's a lot easier to deliver than pharma type stuff. This company appears to be making a system so mums can skype with their newborns in hospital and you know what women are like when it comes to spending all their money on babies.
>> No. 8266 Anonymous
27th January 2021
Wednesday 5:10 pm
8266 spacer
>>8260
£$€¥ is getting out of hand now. Do more research on the businesses until you know you have an undervalued sure thing, if you don't know then at best leave it in a cheap tracker until you do.

Part of that can involve drawing up a long-term plan for your portfolio based on broader assumptions - rising renewables would be a safe bet with COP26 this year but equally I suspect the likes of BP is seriously undervalued by wishful thinking.
>> No. 8267 Anonymous
27th January 2021
Wednesday 5:18 pm
8267 spacer
>>8266

>BP

Praps, but with the price of oil dropping and the massive sustained reduction in consumption due to covid, and that 'oil is a safe bet' is priced in to these chairs, and the EV tipping point that we seem to be reaching, and all the laws and regulations regarding carbon emissions the oil boys might be on the way out.

The Biden administration is replacing the presidential fleet with electric cars.
https://www.theatlantic.com/science/archive/2021/01/weekly-planet-why-biden-is-buying-645000-new-cars/617828/

FedEx is supposedly making the switch to EVs made by GM.

When I lived in China, nobody had petrol scooters everybody had ebikes. Uptake of electric cars there has less resistance culturally and from baron types. Air pollution is so bad in some places at some times of the year that environmentalism is one of the biggest political issues for the people who live there.
>> No. 8268 Anonymous
27th January 2021
Wednesday 5:23 pm
8268 spacer
>>8263>>8264
Thanks, lads.

>>8266
This is fun money for a bit of a punt. I'm not gambling with my life savings.
>> No. 8269 Anonymous
28th January 2021
Thursday 9:39 am
8269 spacer
>>8266
https://www.bloomberg.com/news/articles/2021-01-28/biden-s-early-climate-blitz-goes-faster-further-than-expected
Oil may not be the best bet right now.
>> No. 8270 Anonymous
28th January 2021
Thursday 11:57 am
8270 spacer
>>8266
Can you help me, I invested in a SPY but he's not contacted me yet.
>> No. 8271 Anonymous
28th January 2021
Thursday 12:00 pm
8271 spacer
>>8267

>The Biden administration is replacing the presidential fleet with electric cars.
>https://www.theatlantic.com/science/archive/2021/01/weekly-planet-why-biden-is-buying-645000-new-cars/617828/

It's a democrat country now. Place your bets on the companies with mates in the Dems.

https://markets.businessinsider.com/news/stocks/nancy-pelosi-discloses-1-million-call-options-tesla-stock-2021-1-1029998372

For a minute I actually thought it was about the environment too.
>> No. 8272 Anonymous
28th January 2021
Thursday 1:32 pm
8272 spacer
Robinhood is trending as they've apparently stopped individual investors buying GME and a bunch of others that have been shorted.
>> No. 8273 Anonymous
28th January 2021
Thursday 3:26 pm
8273 spacer
>>8272
Trading212 have done it for GME and AMC. My BlackBerry holding has gone from +100% to +38% in the space of about a day.
>> No. 8274 Anonymous
28th January 2021
Thursday 3:35 pm
8274 spacer
>>8272>>8273

What's their reason/excuse for doing this? I don't see how stopping your users from buying but not from selling is anything other than market manipulation?
>> No. 8275 Anonymous
28th January 2021
Thursday 3:41 pm
8275 spacer
>>8274
T212 have said they're protecting investors from risk due to some funds having unprecedented volatility. I think part of it is because their website has been known to go down due to struggling with demand.

My BB position is now down to +14%. Fucking hell.
>> No. 8276 Anonymous
28th January 2021
Thursday 3:55 pm
8276 spacer
>>8275

That's a bit ridiculous, the only way to protect investors from risk is to not be a broker at all, and this is certainly a bit rich coming from a brokerage all to happy to offer a 90% chance of loss on CFDs any other day of the week.

I assume BB is tanking because the people that can still buy GME are dumping the former to buy the latter in a mad panic. It's a bit mental to see so much interest suddenly directed to trading in general, and seeing one huge event in one stock affect the whole market like this. I do wonder/worry for all the people with brand new accounts who might think this is how investing works.
>> No. 8277 Anonymous
28th January 2021
Thursday 4:01 pm
8277 spacer
>>8275
These trading apps were all founded to take advantage of retail investors to the benefit of big hedge funds. Their statement is exactly correct, but the investors mentioned are not the app users. The app users are the product, not the customer.

https://www.forbes.com/sites/jeffkauflin/2020/08/19/the-inside-story-of-robinhoods-billionaire-founders-option-kid-cowboys-and-the-wall-street-sharks-that-feed-on-them/

Their customers are the same hedge funds that are now getting squeezed shorting GME.
>> No. 8278 Anonymous
28th January 2021
Thursday 4:05 pm
8278 spacer
>>8277

>These trading apps were all founded to take advantage of retail investors to the benefit of big hedge funds. Their statement is exactly correct, but the investors mentioned are not the app users.

Excellent way of putting it. I'll be stealing this to sound clever to my friends.
>> No. 8279 Anonymous
28th January 2021
Thursday 4:07 pm
8279 spacer
>>8277

I know it's a trite thing to say but the house doesn't like it when they start losing. Any casino in the world will ask you to leave if you start winning too much, whether you're cheating or not. The game's rigged Insert shitty "Always Has Been" meme here .
>> No. 8280 Anonymous
28th January 2021
Thursday 4:33 pm
8280 spacer
Fuck it, I'm doubling down on BB and putting some in Nokia because they've mainly crashed as Seppos can't trade them on the likes of Robinhood.
>> No. 8281 Anonymous
28th January 2021
Thursday 4:35 pm
8281 spacer
>>8279


My £6.50 of GME was briefly £9.50, and is now about £3.10. what a rollercoaster.
>> No. 8282 Anonymous
28th January 2021
Thursday 4:35 pm
8282 spacer
>>8280

Nokia might actually be the worst punt of all time. Godspeed you utter madlad.
>> No. 8283 Anonymous
28th January 2021
Thursday 4:35 pm
8283 spacer
I need to get in on this but I'm lazy and I'd probably fuck it up.
>> No. 8284 Anonymous
28th January 2021
Thursday 4:46 pm
8284 spacer
>>8282
Nokia was around $4.20 per share on Friday before jumping to a high of $7.33 yesterday. Americans can't trade in it at the moment and it's fallen to $4.68. Likewise, BB reached a high of $28.26 yesterday and now it's down to $14.10.

When the Americans are able to trade again in these stocks I expect them to shoot up again, but this is more of a hunch than anything.
>> No. 8285 Anonymous
28th January 2021
Thursday 4:49 pm
8285 spacer
I put a few quid into ETH and doge coins. All these redditors with newfound fortunes are going to do something with the money they don't immediately spend on vinyl figurines. Not a terrible bet that they'll go up.
>> No. 8286 Anonymous
28th January 2021
Thursday 5:05 pm
8286 spacer
>>8285
I mined thousands of Dogecoin back at the start. Have the wallet.dat on an old HDD so will be spending the evening finding out if I've got a pre-booked seat on the rocket.
>> No. 8287 Anonymous
28th January 2021
Thursday 5:32 pm
8287 spacer
You're watching history in the making here lads.

Ted Cruz is argreeing with AOC on Twitter for calling foul on the Robinhood malarky.

Even the app's name is pretty unfortunate given what is playing out here.


https://www.youtube.com/watch?v=1q82twrdr0U
>> No. 8288 Anonymous
28th January 2021
Thursday 6:53 pm
8288 spacer
Seems as though Robinhood is maybe selling people's stocks against their will.
This, and them refusing to let people buy the stock doesn't surprise me. Something like this was inevitable. What's going to be interesting to see is how angry this makes people and what it motivates them to do.

I've made almost £5 in dogecoin in the past two hours. I can see how this is addictive.
>> No. 8289 Anonymous
28th January 2021
Thursday 7:03 pm
8289 spacer
The thing I've found out with this, or at least when things are as volatile as they are, is that you need to make snap decisions, and you need to give it basically undivided attention. Thinking of putting another tenner into GME even though I'm down at the moment because surely the angry reddit septics will find a way to buy it, and when they do, we can upgrade to a box of Celebrations... each.
>> No. 8290 Anonymous
28th January 2021
Thursday 8:30 pm
8290 spacer
>>8288
What's your long term plan for Dogecoin?
I'm convinced it's just a pump and dump, but I wonder where it's going to end up.
>> No. 8291 Anonymous
28th January 2021
Thursday 8:53 pm
8291 spacer
>>8290
I might try to take the value of my initial investment back out tomorrow if it hasn't been dumped, no plan beyond that.
>> No. 8292 Anonymous
28th January 2021
Thursday 9:02 pm
8292 spacer
So, uh .. how do you buy and sell crypto coins?
Is there a central market for them where you can list buy and sell orders, interpret market data, etc or do you watch forums & chat rooms to personally arrange transactions?

How'd you get the cryptocoin into a regular bank account?

I'd like to get into the former without the risk of it affecting my benefit claims, like i assume stock marketing would.
>> No. 8293 Anonymous
28th January 2021
Thursday 9:11 pm
8293 spacer
>>8292
You can just buy and sell them on crypto exchanges.
Here's a list of some.
https://cryptohead.io/uk/best-exchanges/
I don't know about doing benefit fraud with it though.
>> No. 8294 Anonymous
28th January 2021
Thursday 9:35 pm
8294 spacer
It's quite disheartening to think, the same people who pumped and dumped throughout the crash with impunity and generally profited on human misery for decades, will be pressuring for market reform overnight because Reddit made one stock into a meme. And they'll get it.

It's sad because this could be big. Revolution in the old sense of the word may be impossible but there's a glimmer of hope here that collectively, ordinary people can beat the elites at their own game. This is class consciousness gone viral.
>> No. 8295 Anonymous
28th January 2021
Thursday 9:53 pm
8295 spacer
>>8294
Exactly.

I was reading about how Citadel (the firm that bailed out Melvin Capital to the tune of a couple billion the other day) are the platform that Robinhood (the largest US brokerage app) trades through. 40% of Citadel's revenue is via Robinhood.

Apparently the block on trade's came through due to pressure from Citadel, and they reupped on their shorts before the app removed the option to buy from retail investors.

This is undeniable market manipulation on the part of Citadel, and it's going to be tricky to blame this on retail investors without significant far-reaching long-term political implications.

The business models of these apps is that they collect data on you and use it to inform their investing decisions. Surveillance Capitalism in its purest form. Ironically the system these Surveillance Capitalists are creating is a trap that will eventually capture them also.

Like right now the firms are trying to short-term fuck with the market to cover their positions and just about making it, but longer term the position is untenable. This is the Aesop's Fable type example that history books will use to explain the prevailing trends of global politics in the wake of the next inevitable revolution.

A small cabal of elites abuses their position of privilege and power to exploit the masses. When the masses adapt and overcome the system is modified or obstructed to prevent the correction. All it's going to do is make those already with a grievance recalcitrant.

The people participating in the market largely believe the neoliberal rhetoric spewed by politicians for decades and are trying to improve their lot by participating in the system.

It's not a market, it's a shell game.

The same people who have crashed the economy 50 times in their lifetime are going to call foul because a bunch of nerds saved one struggling brick-and-mortar video game retailer.

This is a fight against principalities and evil doers and unclean spirits

American Millennials getting politically radicalised by a stock brokerage app is the most 2020s vibe yet.
>> No. 8296 Anonymous
28th January 2021
Thursday 10:38 pm
8296 spacer
>>8295
You need a copyeditor because you said the same thing several times.
>> No. 8297 Anonymous
28th January 2021
Thursday 11:41 pm
8297 spacer
>>8296

Sure, but anything worth saying was said centuries ago and everything since is just variations on a theme.

-Ecclesiastes probably
>> No. 8298 Anonymous
29th January 2021
Friday 2:34 am
8298 spacer
>>8295
>>8294

Have they started alleging it's Trump supporters and racist ne'er-do-wells behind it yet?
>> No. 8299 Anonymous
29th January 2021
Friday 3:39 am
8299 spacer
It tickles me that the /r/Stonks lot seem to think that the suspension of GME on Robinhood is some kind of conspiracy, rather than a completely routine response to weird trading. They might not believe it, but Robinhood is acting in the interests of their customers by refusing to execute really stupid transactions - anyone going long on GME in the last few days is on the losing end of a Ponzi scheme.

Institutional shorts have lost a lot of money over the past couple of days, but a lot of retail investors will lose even more. The short squeeze can't last forever, GME will eventually fall to a realistic price and a lot of people are going to lose their shirts.
>> No. 8300 Anonymous
29th January 2021
Friday 5:37 am
8300 spacer
>>8299

No shit, but at this point I don't think anyone is pretending the money is the important bit.

The important bit is how well it's demonstrating how exactly the things you point out are fine when certain people do it, but when normal people collectively do it, it's cheating.
>> No. 8301 Anonymous
29th January 2021
Friday 7:50 am
8301 spacer
>>8299

Shorts don't get to cover instantly and all at once, you'd have to be asleep for days to miss being profitable in a short squeeze. Besides, that's what sell and stop limits are for. Either you're running a free market or you're not, and in my ten years of investing no brokerage has ever blocked my transactions or changed their margins during a halt and sold my positions for me.

They're acting in the interests of their customers, for sure. But retail investors are not the customers. And it's hardly just silly redditors that think this is a conspiracy, look in this thread - there's cross party support for investigating robinhood for this.
>> No. 8302 Anonymous
29th January 2021
Friday 7:58 am
8302 spacer
>>8299
>Institutional shorts have lost a lot of money over the past couple of days, but a lot of retail investors will lose even more

They'd have been on track to lose a lot more if they weren't able to bring the price of GME down yesterday.
>> No. 8303 Anonymous
29th January 2021
Friday 8:11 am
8303 spacer
>>8299

Could you explain to me how a short squeeze is a ponzi scheme?
>> No. 8304 Anonymous
29th January 2021
Friday 8:40 am
8304 spacer
I was right. The king of the reddit nerds pumped doge overnight so it tripled in value (for a bit). I was able to take out slightly more than I put in and still have more than that left in the account.
>> No. 8305 Anonymous
29th January 2021
Friday 9:15 am
8305 spacer
>>8304

Well played lad. I will never have the stones for speculative crypto.
>> No. 8306 Anonymous
29th January 2021
Friday 9:44 am
8306 spacer
Sigh.

https://www.bbc.co.uk/news/uk-england-nottinghamshire-55849192
>> No. 8307 Anonymous
29th January 2021
Friday 9:47 am
8307 spacer
Decided to jump on the meme train overnight. Threw in £100. It's currently worth £56.08. When is this thing supposed to head for the moon again?
>> No. 8308 Anonymous
29th January 2021
Friday 10:00 am
8308 spacer
>>8307
Doge? It's trending downwards now. Probably best to try and forget about it for a few weeks, months or until you see people getting excited about it again.
>> No. 8310 Anonymous
29th January 2021
Friday 10:03 am
8310 spacer
Elon Musk just changed his twitter bio to #Bitcoin

Make of that what you will.
>> No. 8311 Anonymous
29th January 2021
Friday 10:18 am
8311 spacer
>>8307
It was already 1000% up on its month-ago price when you bought. Why would it increase any more? Do you believe in the business? It sells xbox controllers and Fallout bobble-heads.
>> No. 8313 Anonymous
29th January 2021
Friday 10:30 am
8313 spacer
>>8311

>Why would it increase any more?

Because there's still billions of dollars in naked shorts?
>> No. 8314 Anonymous
29th January 2021
Friday 10:36 am
8314 spacer
>>8313

Ask Phil Falcone.
>> No. 8315 Anonymous
29th January 2021
Friday 10:43 am
8315 spacer
>>8310
Look, the GameStop thing makes sense, it's fighting against hedge funds making money off of a failing company. But I can't see the same justification for getting involved with cryptocurrencies. They are barely currencies at all, given they aren't backed by anything and don't have normal circulation. It's just speculation, the thing the GameStop squeeze was meant to stop. Who's the enemy when it comes to crypto, who am I fighting by buying Bitcoin or Dogecoin? If I make any money from crypto is it coming from a hedge fund or off the back of some other poor sap who didn't close quickly enough?
>> No. 8316 Anonymous
29th January 2021
Friday 11:06 am
8316 spacer
>>8315

Elon is just a bored billionaire troll, presumably just testing the waters to see how much money a tweet can make him.

I just see trading crypto as forex but riskier, and if you'd told me ten years ago you'd invented a market riskier than forex I'm not sure I'd have believed you. If you believe in the idea of a decentralised currency then that is the fight, but as long as we keep speculating BTC and treating it like a stock we're not going to actually be able to use it as a legitimate currency anyway.
>> No. 8317 Anonymous
29th January 2021
Friday 11:11 am
8317 spacer
Apparently there's 11million options that expire on BlackBerry today if the share price is below $15 and hedge funds will have to pay out on all of them if the share price is at least $30.
>> No. 8318 Anonymous
29th January 2021
Friday 11:51 am
8318 spacer
Notification from T212 that they've enabled trading in GameStop and AMC today, but earning there could be lengthy execution disruptions to buy and sell orders.
>> No. 8319 Anonymous
29th January 2021
Friday 12:15 pm
8319 spacer
Turns out FreeTrade have been waiting to validate me for over a year. Oops.

How are you guys doing this? We don't have Robin Hood over here, I'm basically the only person I know that's heard of FreeTrade. Are people just using real brokers like AJ Bell? Obviously a bit late now but I don't want to get *ahem* caught short next time something like this happens, assuming wall street doesn't throw a paddy.
>> No. 8320 Anonymous
29th January 2021
Friday 12:15 pm
8320 spacer
My DOGE have recovered to £72. I might actually get my original investment back by the end of today.
>> No. 8321 Anonymous
29th January 2021
Friday 12:17 pm
8321 spacer
>>8316

>presumably just testing the waters to see how much money a tweet can make him

There's an SEC injunction banning him from tweeting about stonks.
>> No. 8322 Anonymous
29th January 2021
Friday 12:19 pm
8322 spacer
>>8319
There isn't going to be a next time. I can't see there being a situation like this again where short interest is at ~140%.
>> No. 8323 Anonymous
29th January 2021
Friday 12:23 pm
8323 spacer
>>8322
>I can't see there being a situation like this again
People said the same thing after the Porsche "infinity squeeze" but here we are.
>> No. 8324 Anonymous
29th January 2021
Friday 12:31 pm
8324 spacer
>>8320
You could just put up an offer to sell your DOGE for £100 now. It'll sit there until they're worth that much then sell as soon as it reaches that point.
>> No. 8325 Anonymous
29th January 2021
Friday 12:33 pm
8325 spacer
>>8322
That's what I'm concerned about. Well, I mean a bit late now, but yeah I'm assuming there will be a tectonic shift that will make things like this much less possible.

I remember speaking to .gs people about bitcoin back when it was still being used to buy pizza. I'm not the quickest off the block.
>> No. 8326 Anonymous
29th January 2021
Friday 12:37 pm
8326 spacer
>>8323
The VW squeeze didn't involve millions of internet autists who are actively looking to cripple hedge funds.
>> No. 8327 Anonymous
29th January 2021
Friday 1:08 pm
8327 spacer
>>8319

I have a real broker but the UK options to go for seem to be eToro and Trading 212. I haven't put much research in but they're both zero commission.
>> No. 8328 Anonymous
29th January 2021
Friday 1:12 pm
8328 spacer
>>8326
Instead it involved a couple of hard-headed business owners who were actively trying to cripple hedge funds. What's your point?
>> No. 8329 Anonymous
29th January 2021
Friday 1:14 pm
8329 spacer
>>8325

The right thing to do would be to shore up the holes that allow a stock to still be nakedly shorted, despite that already being illegal in and of itself. That would be a Good Thing for any level of investor, even the big hedge funds if they're being honest with themselves.

What will actually probably happen is some sort of law that restricts retail trading volume, because that's the nightmare world we live in.

With cross party support though, and the likes of AOC being really rather angry about robinhood, we might actually see a financial rule that benefits more than just the very top of the pile, but this is still america we're talking about.
>> No. 8330 Anonymous
29th January 2021
Friday 1:14 pm
8330 spacer
>>8328

Business owners are rich, so they can do what they want.
>> No. 8331 Anonymous
29th January 2021
Friday 2:57 pm
8331 spacer
Nokia is up 10% today. The Milky Bars are on me.
>> No. 8332 Anonymous
29th January 2021
Friday 3:13 pm
8332 spacer
>>8327
>Trading 212
Fuck me I get their YouTube ads constantly.
>> No. 8333 Anonymous
29th January 2021
Friday 3:24 pm
8333 spacer
>>8332
is that one of those trading ads that's aimed at MEN so it's all SHOUTING and TESTOSTERONE?
>> No. 8334 Anonymous
29th January 2021
Friday 3:32 pm
8334 spacer
>>8333
What? No. It's just a Peter Serafinowicz soundalike telling you how easy it is to invest one pound.


https://www.youtube.com/watch?v=TlxeSs62OaI.
>> No. 8335 Anonymous
29th January 2021
Friday 3:50 pm
8335 spacer
If you aren't blocking ads you aren't even human.
>> No. 8336 Anonymous
29th January 2021
Friday 6:39 pm
8336 spacer
>>8335
I switched computer a few times at work, and was a bit lazy about adblock. Getting ads during relaxing music, or expecting to hear one thing and then getting some jarring tune, are fucking tortuous. It's disgusting how things have gone. I wonder if adblockers have pre-emptively placated some of the potentially most vocal critics of ad dominance on the net.
>> No. 8337 Anonymous
29th January 2021
Friday 7:05 pm
8337 spacer
>>8336
>I switched computer a few times at work, and was a bit lazy about adblock.

I'm not sure what you're hoping to get out of it but I don't believe this cock and bull story for a second. Bet you don't have admin privileges and can't work out ad blocking on yer phone.
>> No. 8338 Anonymous
29th January 2021
Friday 7:13 pm
8338 spacer
>>8337

TBF you don't even need admin privileges to install a new browser with all the extensions you want. If push comes to shove a zipped up Firefox portable with all the trimmings downloaded from your email will do in a pinch.
>> No. 8339 Anonymous
29th January 2021
Friday 7:27 pm
8339 spacer
>>8337
I'm just incredibly lazy and worked for a family firm with eccentric management practice. We overhired before covid and I had WFH priority, so I was hotdesking when I did come in, and gave up on bothering to set up on every browser for various reasons.

I'm not sure what you're hoping to get out of this. I bet you stick your cock in USB ports.
>> No. 8340 Anonymous
29th January 2021
Friday 7:32 pm
8340 spacer
My over 100% gain in BlackBerry on Wednesday has currently turned into a 3% loss on my investment. Fucking hell.
>> No. 8341 Anonymous
29th January 2021
Friday 7:39 pm
8341 spacer
>>8340
Marathon, not a sprint. Though that said, you're dealing with something volatile.
>> No. 8342 Anonymous
30th January 2021
Saturday 11:58 am
8342 spacer
Not sure what to do with my Dogecoin now. I mined them at the start as part of the joke, and them got bored.

This madness prompted me to recover the wallet and transfer them into a trading account. Not sure whether to just cash out and blow my winnings on a takeaway and some toy soldiers, or swap them for a tiny subfraction of a Bitcoin.
>> No. 8343 Anonymous
30th January 2021
Saturday 12:10 pm
8343 spacer
>>8342

It's clearly volatile in a way that BTC isn't any more. In your position I'd cash out enough for one of those things as a treat and keep the rest just in case the people trying to pump it succeed.
>> No. 8344 Anonymous
30th January 2021
Saturday 1:22 pm
8344 spacer
If I plan to cash out from this stocks trading and have only made a fiver, do I need to fill in any forms for HMRC? The US w8-ben form has already been filled in, so I don't think I need to declare anything else (i.e. below the CGT threshold). Can I just cash out and not worry?

Cheers lads.
>> No. 8345 Anonymous
30th January 2021
Saturday 1:59 pm
8345 spacer
https://globalfinancialdata.com/the-piggly-crisis

This GME thing isn't a new phenom for Wall Street. There is nothing new under the sun.
>> No. 8346 Anonymous
30th January 2021
Saturday 3:49 pm
8346 spacer
>>8344
>do I need to fill in any forms for HMRC?

No.
https://www.rossmartin.co.uk/private-client-a-estate-planning/capital-gains-tax/3350-reporting-capital-gains

>>8345
Personally I'm looking forward to GME investors losing all their money. They've become quite insufferable.
>> No. 8347 Anonymous
30th January 2021
Saturday 5:31 pm
8347 spacer
>>8342
I'm getting really tired of this. Bitcoin seemed like a curiosity, and now they are worth millions. Dogecoin seemed like quite an explicit joke, and now it's worth millions.

So fuck it, the next time something comes along I can invest in, and I feel dismissing it as a joke, I'll put like a tenner in and hold it for ten years just in case it blows up. That's what the hedge funds do right?
>> No. 8348 Anonymous
30th January 2021
Saturday 6:20 pm
8348 spacer
>>8347
I heard about bitcoin on .gs when people were still buying pizza with it :/ I console myself by assuming I would have left my wallet on the HDD which my mum chucked out.

The more disposable income you have and the more reliable your ideally growing income stream is, the more retarded punts you can take.
>> No. 8349 Anonymous
30th January 2021
Saturday 7:59 pm
8349 spacer
>>8348
I had a quarter of a buttcoin on a hard drive which failed around 2010 or so. I console myself in the knowledge i'd have sold it at $100 or $1000 - I definitely wouldn't still be hanging on to it now.
>> No. 8352 Anonymous
30th January 2021
Saturday 8:49 pm
8352 spacer
>>8349

If by any chance you still have the hard drive, the data is probably recoverable.
>> No. 8353 Anonymous
30th January 2021
Saturday 9:15 pm
8353 spacer
>>8352
I don't unfortunately, but it was a mechanical failure, I recall hearing a horrible mechanical screech. I don't know how much platter scanning costs these days, but I suppose if I was still on there it'd be worth recovering as long as the wallet.dat wasn't under the head. Ah well.
>> No. 8354 Anonymous
31st January 2021
Sunday 2:35 pm
8354 spacer
I know it's probably too late, but I think I'm going to try and buy the dip on GameStop tomorrow.

I've saved up enough money over lockdown that I'm not going to spend on anything better, so it shouldn't matter if I lose it all.

I want to believe the WallStreetBets shills who are sure the hedgefunds haven't covered their shorts, but who the fuck knows.
>> No. 8355 Anonymous
31st January 2021
Sunday 2:48 pm
8355 spacer
I sold 275 dogecoin last night and used the profit from that to buy 375 this morning. Is there any reason not to just keep doing that?
>> No. 8356 Anonymous
31st January 2021
Sunday 3:18 pm
8356 spacer
>>8354
Don't do it, lad. The speculative bubble is going to burst and all that's going to happen is the money moving to Blackrock. The amount of people who are going to get badly burnt by this madness and wishful thinking is ridiculous.

>so it shouldn't matter if I lose it all

It's money ffs. At a minimum make another bet so you can play out the fun for longer. Saab are going to post their earnings mid-month or you can look at what is trending and Reddit and gamble that the users will never cash out on anything.

>>8355
Dogecoin will go back to being worthless when people forget about it. A short bet if there ever was one.
>> No. 8357 Anonymous
31st January 2021
Sunday 3:35 pm
8357 spacer
>>8346
Does it count as income from outside the UK? I think the W-8BEN means it doesn't. If it does then I need to do an SA, I think.

All my googling around this is clear as milk. Never again, all this for a fiver.
>> No. 8358 Anonymous
31st January 2021
Sunday 3:44 pm
8358 spacer
>>8356

If it's true that the short interest is still > 100% and the hedgefunds are still in the game it seems a fairly safe bet that the short squeeze hasn't happened yet, right? Obviously I will plan an exit strategy to get out before it collapses.

I like to think I am hedged by my bets on the FTSE and gold & silver...
>> No. 8359 Anonymous
31st January 2021
Sunday 3:57 pm
8359 spacer
>>8357
Asked HMRC, I don't. Nice.
>> No. 8360 Anonymous
31st January 2021
Sunday 4:32 pm
8360 spacer
>>8357
The foreign capital gains declaration is for when you've already paid CGT abroad (e.g. IRS) and is again above the threshold. There's a form you fill out over the threshold with a section for it.

>>8358
Depends on who you ask. The MSM will tell you that has already happened and was why there was a price spike on midweek when all the shares were bought back. The internet will tell you that it's all bollocks and there were loads of hands on this short that have yet to cash.

At a minimum use common sense and hold until tomorrow afternoon given opening market volatility. If GME sees a steep decline in value then I see it tipping into a panic where the sharks will beat you. A fair amount of people will have stepped away from the hype over the weekend and done some clearer thinking.

>I like to think I am hedged by my bets on the FTSE and gold & silver...

You'll want to diversify away from the FTSE with US and Nikkei equities. Not totally (and the CPTTP will give a bump) but the FTSE is a bit shit and you can only get away with one market when you're talking about the US economy.

Precious metals are a mugs game if you ask me - too volatile to do the job of bonds, good for inflation and gold frankly behaved odd last year. Although full disclosure I wouldn't touch them anyway as I find directly speculating on the price of natural resources a bit distasteful.
>> No. 8361 Anonymous
31st January 2021
Sunday 4:48 pm
8361 spacer
>>8360

This is all useful advice thanks. The sentiment I'm seeing online would suggest that people are intent on holding GME, but who knows that for everyone saying they will hold there are plenty more preparing to cash out?

Talking out my arse here, but I might buy GME if it dips <300 (perhaps around 270), though I feel like if it goes below 200 again its probably game over.

I think I'll probably buy some AMC as well because it's cheap and why the fuck not. I'm split on whether it is more likely to be a distraction from GME or potentially the next short squeeze though.

On the FTSE and precious metals I'm mainly just buying on the expectation that inevitable further rounds of QE will keep pushing them higher. Plus I'm too lazy/stupid to work out what specific stocks are good buys.
>> No. 8362 Anonymous
31st January 2021
Sunday 5:10 pm
8362 spacer
>>8361
>This is all useful advice thanks. The sentiment I'm seeing online would suggest that people are intent on holding GME, but who knows that for everyone saying they will hold there are plenty more preparing to cash out?

Thankfully(ish) some people are getting a bit wrapped up in their own hype, so I think you'll see a decent amount of people holding because they want to support the higher ideal, meanwhile the rest of us can hopefully cash out leaving them holding the bag.
>> No. 8363 Anonymous
31st January 2021
Sunday 5:16 pm
8363 spacer
>>8358

http://isthesqueezesquoze.com/

I wouldn't be throwing any money after the GME thing now, but I would be holding if I had shares in hand.

I felt really ill on Thursday/Friday after the actions of Robinhood. I'd long known the asymmetry in power structures between the wealthy and the rest of us, but it was really weird seeing the rules changed in a limited and specific way in real-time to protect hedge funds.

It's a cringe analogy, but it made me think of the bit in Avengers where Thanos gets the reality stone and as the avengers are winning he just warps reality around them to be the victor.

Capitalist power structures act like the Allied Mastercomputer from Ellison's 'I have no mouth and I must scream'. You have to participate in the system and have to believe that you can succeed within the rule set but actually if you pose any real threat to the status quo, or manage to rise above your current class and status the rules will be rejigged immediately to put the boot back on your throat.

I'm still holding my BB and NOK because I think they are good long-term investments despite getting swept up in the reddit hysteria, but the events of the past week have really soured me on the idea of investing in the stock market.
>> No. 8364 Anonymous
31st January 2021
Sunday 5:36 pm
8364 spacer
>>8363

Yeah I've been looking at that website, but I'm a bit concerned by the variations in short interest. How do we know the hedge funds haven't closed their positions and new shorts haven't just been opened by retail investors etc?

I did actually buy (through IG, so not the actual share) on Thursday but I panic sold after I saw the Robinhood stuff and lost a few hundred quid, which hurt a bit. Obviously in hindsight I should have held, but it felt like the game was up at the time.

Thankfully at this point I don't think I'm in it for the money. My future is financially secure(!) and I'm just having fun with lockdown savings I would have wasted on something else.

Though as much as I hope the 'little guy' wins, I'm conscious that whatever happens, in the end the big winners are gonna be the pros on Wall Street.
>> No. 8367 Anonymous
31st January 2021
Sunday 7:35 pm
8367 spacer
>>8363

I used to do "Matched Betting", which is basically a technique whereby you exploit the free bets offers by online bookmakers by hedging your bets using betting exchange sites like Betfair to basically make guaranteed free money. It's perfectly legal, but since the strategy generally involves placing bets at the most generous prices that the bookmaker is currently offering, their accounts team will quickly cotton on that you're a savvy punter and will ban your account, usually mentioning some bollocks about "suspicious betting patterns". I've been banned from pretty much every major online bookie in the country simply for making small bets at their most attractive prices; sometimes I'd get banned when my bets didn't even win. The moment your betting patterns prove to the accounts team that you're not just some idiot throwing away money on overly-ambitious accas they will ban you in an instant.

Even if you're a mug playing the slot machines who somehow manages to win the jackpot they'll screw you over, there was a case in the High Court last year where a player won a £1.7 million jackpot on a Betfair online slot and they refused to pay out, claiming it was a "computer glitch". Gambling, like the stock market, is a game where the house always wins, and even if by some miracle you manage to beat the house, they'll magically change the rules and tell you that, actually, you lost.
>> No. 8368 Anonymous
31st January 2021
Sunday 7:47 pm
8368 spacer
>>8367

Thanks fir sharing.

You are not wrong in your comparing of the stock market to a casino, but the whole idea of free-market capitalism is predicated on the idea that markets are efficient and in fact, the most efficient way to optimize an economy and therefore society.

If the stock market is a glorified casino, and a rigged ine at that, it gives a whole lot less legitimacy to the existing neoliberal status quo.

Why should tax payers bail out a casino?
Why should COVID-19 welfare be given to a casino?
Hopefully this raises consciousness and gives humanistic politics (as opposed to 'market uber alles') some momentum in the coming years. I'm doubtful though as most people are mongs conditioned by social media to be either useful idiots or common-or-garden idiots
>> No. 8369 Anonymous
1st February 2021
Monday 5:00 am
8369 spacer
>>8368

>Why should tax payers bail out a casino?

The stock market isn't a casino. Buying a share means literally buying a part of a company, usually including voting rights over that company's decisions. The /r/WallStreetBets lot seem to have lost sight of that, which is why a lot of them don't realise that they're in deep trouble.

When a share price drops, it reflects the legitimate belief of the market that a company is going to be less profitable in the future. The GME shorts reflected an entirely reasonable belief that a mall-based games retailer is in deep trouble in a time when malls are dying and games are moving away from physical media. GME shares were trading at about $18 because that's what the market realistically believed that the business was worth.

A small number of speculators accurately identified that institutional short-sellers had shorted an excessively large proportion of GME shares and would be unable to cover their positions; these speculators have profited at the expense of the hedge funds. A much larger group of fools have paid well above the odds to buy a piece of a dying company.

The efficient market hypothesis is much more subtle than the idea that markets always get it right - it's the idea that pricing in a market is naturally self-correcting over time, largely because of speculators, arbitrageurs and short-sellers. Few if any economists believe that markets are always efficient, just that they trend towards efficiency over time. Thaler and Kahneman won the Nobel Memorial Prize for identifying irrationalities in the behaviour of market participants that cause exceptions to the EMH.

None of this madness meaningfully affects the underlying reality of GameStop's business and most of the people who are currently long on GME will lose a lot of money; if you made investment decisions based on a meme, that's very much your own stupid problem.

Buy-and-hold value investors are largely oblivious to this whole mess, because they're heavily diversified - buying a little bit of everything spreads your risk and insulates you from the day-to-day whims of speculators. They've been taking a real beating over the past year, but that reflects the ground truth of a massive economic slowdown due to Covid. The vast majority of the money in the market is being managed in an utterly boring manner even during crises, but that never makes the news because "Large Pension Fund Owns a Little Bit of Everything" isn't much of a headline.
>> No. 8370 Anonymous
1st February 2021
Monday 6:12 am
8370 spacer
>>8369

Saying it's basically a shared delusion isn't exactly an improvement on casino.
>> No. 8372 Anonymous
1st February 2021
Monday 8:47 am
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>>8370

Nobody knows what anything is actually worth, because all value is subjective and relative. Markets are the least-worst mechanism for price discovery.
>> No. 8373 Anonymous
1st February 2021
Monday 8:49 am
8373 spacer
>>8364
>How do we know the hedge funds haven't closed their positions

I don't know, presumably the same way people knew that GME had been heavily shorted in the first place? I don't understand where this information comes from.
>> No. 8374 Anonymous
1st February 2021
Monday 9:41 am
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>>8369

You say it isn't like a casino. Then you confirm their entire point by talking about how it is a speculative bubble divorced from reality.
>> No. 8375 Anonymous
1st February 2021
Monday 10:00 am
8375 spacer
>>8374

The shares are real, tangible assets. Some participants in the market might choose to pay well above the odds for those assets, but that's their decision and it doesn't detract from the fundamental usefulness of being able to buy and sell bits of businesses.

Back in March speculators were buying up toilet paper in the hopes of turning a quick buck, but that doesn't make your local Tesco a casino.
>> No. 8376 Anonymous
1st February 2021
Monday 10:26 am
8376 spacer
>>8369
>None of this madness meaningfully affects the underlying reality of GameStop's business

I would say that it has been a major PR coup for Gamestop similar to what happened with Piggly Wiggly.
>> No. 8378 Anonymous
1st February 2021
Monday 11:03 am
8378 spacer
>>8373

Short data is public but is not released in real time, the next report is due on the 9th.

There are various data companies that report their estimates based on what they know or have been told, but it's worth noting that companies can just straight up lie about their holdings. They'll get fined for false reporting, but a fine is always going to be cheaper than billions in short cover, so any large hedge fund would almost certainly report they'd already got out in an attempt to drive the price back down. It'll probably work, too, as they can hold on a lot longer than reddit seems to think they can, but it further highlights the awful, dirty system.
>> No. 8380 Anonymous
1st February 2021
Monday 11:11 am
8380 spacer
>>8375

A poke chip makes a lovely coaster for a tiny shot glass. The fact that it has that use doesn't mean its real value isn't derived from gambling.

It is clear that the value of Gamestop shares are entirely divorced from any behaviour of the company. All that is happening is one market manipulator has been caught with their pants down by another market manipulator. At that point it isn't about returns on shares or company ownership it is a gambling game the actual product is token.
>> No. 8381 Anonymous
1st February 2021
Monday 2:00 pm
8381 spacer
>>8369
>Buy-and-hold value investors are largely oblivious to this whole mess, because they're heavily diversified - buying a little bit of everything spreads your risk and insulates you from the day-to-day whims of speculators. They've been taking a real beating over the past year, but that reflects the ground truth of a massive economic slowdown due to Covid.

As an utterly boring investor it's not been bad at all, the graphs have broadly gone up since March unless someone decided their definition of diversification was airlines, oil and pubs. Bonds haven't really been terrible either but where to put your money has certainly become harder.

I reckon you and >>8380 are arguing across each other though. There's a difference between investing where you feel the company itself will generate new value and naked speculation with the latter being far more risky. The problem is that speculation can only really be controlled rather than halted and I'm not sure it would be wholly beneficial to do so.
>> No. 8382 Anonymous
1st February 2021
Monday 2:03 pm
8382 spacer
I've always been fond of the idea of limiting the transferability of shares, in principle, as a means to damp down speculation and promote taking a longer view of things.
How to do it in practice is less clear.
>> No. 8383 Anonymous
1st February 2021
Monday 2:16 pm
8383 spacer
Anyone know who's going to get fucked over first come NYSE opening? I just can't see all the big money not being able to profit out of this.

Coincidentally it's quite funny checking the post history of people pushing AMC/SLV and all on wsb. New accounts, none of which are pushing GME at all, ever. Which makes me wonder whether that's a false flag operation of sorts, because surely the people who do this for a living will be able to find some way to come out on top of this.
>> No. 8384 Anonymous
1st February 2021
Monday 2:18 pm
8384 spacer
>>8382 Can exchanges not just apply a larger transaction fee? If a trade isn't worth making with a $0.10 trade, is it really worth making?
It's be fun to see all the weird non-linear effects this would cause.
>> No. 8385 Anonymous
1st February 2021
Monday 3:36 pm
8385 spacer
>>8382

That is a real condition implementented on shares for CEOs to stop pump and dump tactics (they can only cash the shares after 5 years) I guess the answer is to enforce a period of ownership for everyone.

Removing borrowing of shares, and making people actually have to deliver/collect goods they have futures on what help massively

Goldman Sachs used to have a motto "long term gready" I always like that is about as ethical as you can expect a bank to be.

all of this avoids the point that these people like it to be a high risk game, do you think bitcoin would have been adopted at all if it didn't offer a get rich quick sollution? that applies to nearly all investment.
>> No. 8386 Anonymous
1st February 2021
Monday 3:49 pm
8386 spacer
>>8382

Britain is fairly unusual in charging a 0.5% tax on transfers of shares, which unintentionally made us the birthplace of CFDs and various other highly-leveraged derivatives.

>>8384

Fifteen years ago, you'd expect to pay £20-£30 for a retail share transaction. People complained that this was unfair on retail investors and speculators, the technology improved and we eventually got zero-fee platforms like Robinhood. Be careful what you wish for etc.
>> No. 8387 Anonymous
1st February 2021
Monday 8:53 pm
8387 spacer
SEC reports over five million GME shares as fail-to-deliver in the first half of january.

https://www.sec.gov/data/foiadocsfailsdatahtm
>> No. 8388 Anonymous
1st February 2021
Monday 10:34 pm
8388 spacer
>>8387
You cannot sum a cumulative column like that.
>> No. 8389 Anonymous
1st February 2021
Monday 10:44 pm
8389 spacer
>>8385
>do you think bitcoin would have been adopted at all if it didn't offer a get rich quick sollution?
Bitcoin hasn't really been adopted at all, despite what some would have you believe.
>> No. 8390 Anonymous
2nd February 2021
Tuesday 10:25 am
8390 spacer
>>8385
I'm not sure of the ratio, but it's mostly held by speculators rather than people actually using it. The potential for further bubbles is what is basically hampering it from becoming legitimate currency, as why would you spend when you can buy two pizzas next year, instead of one this year?

It got off the ground because of nerds, libertarians, and silk road etc, then got taken on by speculators. Imo it's just a matter of when, not if, it crumbles. Though other crypto may become widely used.
>> No. 8391 Anonymous
2nd February 2021
Tuesday 12:54 pm
8391 spacer
>>8390
>The potential for further bubbles is what is basically hampering it from becoming legitimate currency
That and its general uselessness as a currency.
>> No. 8392 Anonymous
2nd February 2021
Tuesday 1:21 pm
8392 spacer
>>8389 >>8390 >>8391

This is the kind of logic that fails to understand why success happens.

There are plenty of things that are better currencies that’s not the point. No one ever will care about those I don't see anyone hoarding gemstones or gold the way they do with crypto the point is adoption, and the only people who were ever going to adopt it was people who want something volatile, if it was pinned to the USD no one would ever give a shit. You could buy into a hundred different national backed currencies right now, but you don't no one gets excited about switch their money all to Rand or Yen in the same way they do with this shit.


Ripple is the only real currency cryptocurrency, and it is terribly unexciting and functional.
>> No. 8393 Anonymous
2nd February 2021
Tuesday 1:48 pm
8393 spacer
>>8392
>This is the kind of logic that fails to understand why success happens.
For some supposed value of "success", sure.
>> No. 8394 Anonymous
2nd February 2021
Tuesday 2:12 pm
8394 spacer
>>8392
> Ripple is the only real currency cryptocurrency, and it is terribly unexciting and functional.

I'd argue that it's actually Monero, but again no one is really interested in that because it's boring and functional and never fluctuates much higher or lower than ~$150.

No one's getting rich off trading it any time soon but it's a nice stable coin that is pretty much the gold standard for anonymous purchases.
>> No. 8395 Anonymous
2nd February 2021
Tuesday 3:54 pm
8395 spacer
>>8392
They asked about adoption, I inferred they meant mainstream adoption. Are you saying bitcoin will never crumble?

No need to put others down to bring yourself up ladm@
>> No. 8396 Anonymous
2nd February 2021
Tuesday 3:58 pm
8396 spacer
SOMEONE FUCKING TELL BLACKBERRY NOT TO DROP BELOW $11 PER SHARE.
>> No. 8397 Anonymous
3rd February 2021
Wednesday 10:20 pm
8397 spacer
>>8396

He told me to mind my own business, sorry.
>> No. 8398 Anonymous
4th February 2021
Thursday 12:07 am
8398 spacer
I've had to log out of my etoro account and I'm trying not to pay attention to the stock market (unsuccessfully) until the GME hype train dissipates.
>> No. 8399 Anonymous
4th February 2021
Thursday 12:41 am
8399 spacer
>>8398

I'm just focusing on my very long, mostly UK or some US stocks. The GME thing whisked me up in the sort of way I didn't expect someone like me to be - I had an awful realisation on Monday that I was listening to a bunch of hyper Americans and ignoring my own knowledge and experience for that of something I simply wanted to believe was right. I think I'll buy some more of the steadily growing company I work for, the complete opposite of the trading I did last week.

I didn't lose money but I still learned some painful lessons.
>> No. 8400 Anonymous
4th February 2021
Thursday 12:52 am
8400 spacer
>>8398
Are you one of those people who has ended up losing millions or one of the ones who now has to explain to their partner that you lost everything? It's a shame we can't post images on this board because I've seen some tragic posts.

>>8399
>I think I'll buy some more of the steadily growing company I work for, the complete opposite of the trading I did last week.

The former employees of Enron would advise against it.
>> No. 8401 Anonymous
4th February 2021
Thursday 9:21 am
8401 spacer
Doge rallied overnight so I'm up £7.
>> No. 8402 Anonymous
4th February 2021
Thursday 9:30 am
8402 spacer
>>8401
Let the good times roll!
>> No. 8403 Anonymous
4th February 2021
Thursday 9:39 am
8403 spacer
>>8400

>The former employees of Enron would advise against it.

It's fine, the chairman is from Yorkshire, our accounts are airtight.
>> No. 8404 Anonymous
4th February 2021
Thursday 9:49 am
8404 spacer
>>8400

>because I've seen some tragic posts.

The most tragic posts are the people who were still sinking money into it yesterday, utterly convinced a 'short ladder' is happening, which I don't think is even a real phrase. That and the lad that spent his college fund on it.

I really hope for a lot of people's sake there's another spike soon, or even if somehow it does rip up - but I have a feeling these people still would not know when to exit. Or possibly, how to exit - I saw a fuckload of posts on eToro asking why the sell button on GME was greyed out, thinking that was how they closed their position.
>> No. 8405 Anonymous
4th February 2021
Thursday 10:27 am
8405 spacer
>>8400
Nah. I made a nice Indian takeaway's worth of profit from GME on the way up but got out the first time NASDAQ closed the market for that stock fearing fuckery was afoot. If I had held on a couple days I could have made some decent money being that I got in at 18

My etoro account did go from a high of +50% for the year to +15% in a couple days and I feel sad that I didn't realise the gains, but I believe the shares I'm holding will go back up to where they were in a year or so.

I'm just investing beer money.
>> No. 8408 Anonymous
4th February 2021
Thursday 1:30 pm
8408 spacer
>>8404
The etoro newsfeeds are fucking depressing, "When do I sell", "Please tell me what to do", "Why is this happening", "I put everything on this". Only lie I've told my partner is that I lost 90 instead of 190, because then it becomes 'real money'. Absolutely worth the price of entry, I never take my card into the casino.

It took me 10 minutes or less to create an etoro account, pass the 'quiz' (a single question on leverage that seemed suspiciously simple), and deposit several hundred quid. Honestly mental, considering the risk on the line. But it's not like it's fair to stop people getting in on it. Just a shame to see them literally donating their money to hedge funds.

>>8405
Haha, nice one, I was almost the same. I was up 100 at one point but 'got greedy'. I got in at 300-ish for a couple of shares. Sold for two of the big drops, picked it up a bit on the way back up. It was really fun tbh, worth the lesson and *thank fuck* I've finally just gotten a brokerage, because for 10 years my cash literally just sits in my account doing fuck all. Now the remainder is in Etsy and SPY with 100 sitting around for speculation banter and try and learn more about what the hell I'm going to do.

I'm genuinely worried this is going to distract me from work. There's so much to learn! Anyone got the number of the guy organising pump and dumps? Nah but really, do you just have to be lucky enough to be keeping an eye on the particular markets experiencing volatile movement/be in the right communities, and then just be lucky enough to get in before the stock is dumped?
>> No. 8409 Anonymous
4th February 2021
Thursday 1:35 pm
8409 spacer
The £15 total I put into GME was briefly just under £30 as I was selling small dips and buying small peaks, but then I stopped paying attention Monday and Tuesday and now it's about £7. Might as well go long now and maybe turn it back into £11-12. If not, whatever.

Could be worse, could have put money I couldn't afford to lose in.
>> No. 8410 Anonymous
4th February 2021
Thursday 1:36 pm
8410 spacer
>>8409
>selling small dips and buying small peaks

For fuck's sake. Other way round.
>> No. 8411 Anonymous
4th February 2021
Thursday 1:41 pm
8411 spacer
>>8409
Seems like your tactic went as expected, really ;)

I have it on good authority that DeepFuckingValue is sending secret signals to the WSB community telling them to hold, and that today's the day. People have some insane reasoning behind this. There's no "Why would the stock rise/fall today", it's all "Keep holding! Believe!". No mate, I want to know the motivations and mechanics that would precipitate such an event.
>> No. 8412 Anonymous
4th February 2021
Thursday 2:14 pm
8412 spacer
>>8411
I've not even looked directly at WallStreetBets since last week, just like all stands at the Rudgwick Steam Show, it's intolerable.
>> No. 8413 Anonymous
4th February 2021
Thursday 2:38 pm
8413 spacer
>>8412
r/GrowYourClit.
>> No. 8414 Anonymous
4th February 2021
Thursday 2:52 pm
8414 spacer
>>8408

>>8299

>Institutional shorts have lost a lot of money over the past couple of days, but a lot of retail investors will lose even more. The short squeeze can't last forever, GME will eventually fall to a realistic price and a lot of people are going to lose their shirts.
>> No. 8415 Anonymous
4th February 2021
Thursday 3:23 pm
8415 spacer
So I've been buying and selling the doge incrementally. I'll buy a couple of hundred then set it to sell when the price goes up 3-5 points, then buy back in when it goes down 3-5 points. Just enough to make a few coin profit on top of the transaction fees each time.

I just checked how much I would have if I'd just bought the coins and done nothing with them, it's almost exactly the same amount as I have now.
>> No. 8416 Anonymous
4th February 2021
Thursday 3:31 pm
8416 spacer
>>8414
Well done, you quoted an entire post.
>> No. 8417 Anonymous
4th February 2021
Thursday 3:56 pm
8417 spacer
I don't get that people are complaining that they are going to lose money. You're not an expert trader, you're some ordinary slob, and the stock price will drop before you know what's happening. I though the whole point was to squeeze the shorts, not make money. People investing their college fund in GameStop? They're fucking insane. But kissing goodbye to a tenner in order to collectively fuck over some hedge funds? Absolutely that's worth it, isn't it?
>> No. 8418 Anonymous
4th February 2021
Thursday 4:27 pm
8418 spacer
>>8417
>But kissing goodbye to a tenner in order to collectively fuck over some hedge funds?

Don't think that's actually happening. In Hedge-Fund land, I think they're mostly generally better off now. Certainly Blackrock did very well off of this.

What happened here was hedge funds profiting off the memes as people took out loans to essentially hand them the cash.
>> No. 8419 Anonymous
4th February 2021
Thursday 5:09 pm
8419 spacer
>>8418

Eh? I thought there were losses in the billions?

I don't touch stocks anyway, I don't have a horse in this race.
>> No. 8420 Anonymous
4th February 2021
Thursday 5:27 pm
8420 spacer
>>8417

The thing people are most angry about is Robinhood restricting their trades, it really did kill momentum on the squeeze. Whether or not RH did it as part of some deep wall street conspiracy, or they just hit brokerage caps, seems irrelevant to the majority of these first timers. Either way RH's IPO was murdered in the process.
>> No. 8421 Anonymous
4th February 2021
Thursday 5:29 pm
8421 spacer
>>8419

There were heavily shorted funds but they will have shorted again at the peak of the squeeze and made a lot of money coming back down. They probably have still lost money on this specific ticker, but they'll have turned their nuclear bomb grade losses into more of a hand grenade.
>> No. 8423 Anonymous
7th February 2021
Sunday 5:29 pm
8423 spacer
Person who bought £100 worth of dogecoin, did you cash out? They're worth about 2.4x what you put in initially now.
>> No. 8424 Anonymous
7th February 2021
Sunday 7:17 pm
8424 spacer
>>8419

MC might have had net losses, but Blackrock made off like a bandit from what I know.

Just thinking rationally, the kind of people to frequent WSB prior to this would have included many who already worked at, or went on to work at, hedge funds and investment banks. There is 0% chance that meme-savvy employees of Blackrock etc weren't going to come out better off than the plebs. There's also a 0% chance that this wasn't communicated upwards and factored into decisions.

At no single point did WSB, or the internet in general, ever have more information or more competence/access than the hedge funds had. I'm not saying that's what your post reads like, just that this is something a lot of people seem to have missed.
>> No. 8425 Anonymous
7th February 2021
Sunday 7:19 pm
8425 spacer
>>8424

There's no lack of people pointing out what you've just said, it's just that nobody wants to believe it. People are too desperate for some David vs Goliath feel good validation right now.
>> No. 8426 Anonymous
7th February 2021
Sunday 8:13 pm
8426 spacer
>>8424

>At no single point did WSB, or the internet in general, ever have more information or more competence/access than the hedge funds had. I'm not saying that's what your post reads like, just that this is something a lot of people seem to have missed.

This, plus they definitely didn't have the influence on the price that people in WSB are taking for granted. The HFs held and still hold most of the float.
>> No. 8427 Anonymous
7th February 2021
Sunday 10:27 pm
8427 spacer
Well, I'm glad the mainstream media has come to the rescue again, and delivered a nice comforting narrative that smooths over all the plot holes and leaves he pieces exactly where they were for next week's episode.

One day, eh.
>> No. 8428 Anonymous
7th February 2021
Sunday 11:25 pm
8428 spacer

https://www.youtube.com/watch?v=pOwIYikCawk

There was a Dogecoin ad on during the Superbowl.
>> No. 8429 Anonymous
7th February 2021
Sunday 11:36 pm
8429 spacer
>>8428
Was there really or is it just something people were spreading rumours about?
>> No. 8430 Anonymous
8th February 2021
Monday 1:32 am
8430 spacer
This whole episode will have ruined thousands of lives and deluded thousands more they've somehow stuck it to the baddies.
>> No. 8431 Anonymous
8th February 2021
Monday 1:34 am
8431 spacer
>>8429
Not seen it yet.

Wish that Weeknd twat would stop already, I don't understand how he has a career. Ruined a Lana Del Ray album.
>> No. 8433 Anonymous
8th February 2021
Monday 2:46 am
8433 spacer
>>8431
What's he done to her?
>> No. 8434 Anonymous
8th February 2021
Monday 5:20 am
8434 spacer
>>8433

Told her to buy and hold GME at $350.
>> No. 8435 Anonymous
8th February 2021
Monday 10:06 am
8435 spacer
Nothing on the Superbowl (obviously) but I did enjoy my dose of American commercialism. You really can't watch the Superbowl without the ads and a pizza.


>>8433
Ruined her lust for life.
>> No. 8436 Anonymous
8th February 2021
Monday 10:38 am
8436 spacer
>>8435
Embarrassing. They even cut out Phil Hartman.
>> No. 8437 Anonymous
8th February 2021
Monday 11:29 am
8437 spacer
>>8431
It annoyed me that he was in Uncut Gems. I wish I could have seen that film as a teenager 25 years into the future instead of early last year, because no teenager is going to know The Weekend is a real person a quarter-of-a-century from now.
>> No. 8438 Anonymous
8th February 2021
Monday 4:44 pm
8438 spacer
I'd like to take my doge out of binance and put them on a memory stick somewhere so I'm not tempted to fiddle with them. What's the best way to go about this?
>> No. 8439 Anonymous
8th February 2021
Monday 6:56 pm
8439 spacer
>>8438
By all means bet on a crypto, but Dogecoin ain't it. Even this unsustainable meme rally is weak compared to the gains of newer projects with some semblance of utility.
>> No. 8440 Anonymous
8th February 2021
Monday 6:58 pm
8440 spacer
>>8439
I could bet on multiple crypto if someone would recommend some trustworthy wallets.
>> No. 8472 Anonymous
13th February 2021
Saturday 10:38 am
8472 spacer
Looking at the daily charts for multiple coins, a lot of them seem to follow the same patterns. Not perfectly but all the big dips and peaks are there. Doesn't this make them effectively the same investment?
>> No. 8473 Anonymous
13th February 2021
Saturday 11:12 am
8473 spacer
>>8472
Not exactly. But yes often there's a sudden general change in crypto-sentiment and everything raises and falls that day - but not in absolute lockstep. I made some money on Link the other day after BTC and ETH were jumping up, and I felt Link would follow, and sure enough it did. (Although I got out too early).
>> No. 8474 Anonymous
13th February 2021
Saturday 3:38 pm
8474 spacer
>>8473

>(Although I got out too early)

No such thing unless you're mystic meg. Profit is profit.
>> No. 8475 Anonymous
13th February 2021
Saturday 3:41 pm
8475 spacer
>>8473
Fuck it. I'm just going to cash out my remaining doge. I'm not going to do my mental health much good if I get hooked on gambling like this.
>> No. 8495 Anonymous
18th February 2021
Thursday 9:41 am
8495 spacer
'Roaring Kitty' GameStop investor hit with lawsuit

A man who became a key player in frenzied trading of GameStop shares last month has been hit with a class action lawsuit.

Keith Gill, known as 'Roaring Kitty' on YouTube, allegedly duped retail investors into buying inflated stocks while hiding his sophisticated financial background.


https://www.bbc.co.uk/news/business-56106824
>> No. 8496 Anonymous
18th February 2021
Thursday 12:09 pm
8496 spacer
>>8495

Anyone with even half a toe in that subreddit over the last year knows this is entirely frivolous, but it'll likely be a springboard for either retail investment restrictions or at the very least something will happen to WSB. It'll be interesting to see where this all goes, especially with the IBKR CEO saying today that GME would have skyrocketed if it wasn't for the "intervention" of restricting volume on big platforms.

Curious to know what the lads who actually know what they're doing think of all this.
>> No. 8535 Anonymous
25th February 2021
Thursday 2:11 am
8535 spacer
GME shooting up again, was up 100% before close.

Why on earth is this happening? Something with SEC?
>> No. 8536 Anonymous
25th February 2021
Thursday 2:22 am
8536 spacer
>>8535

Could be all the $300+ shorts closing out, could be something more coordinated. Impossible to tell.

I know it makes no sense to be glad I don't own any GME, because I'd surely be making money, but fucking hell, what a headache.
>> No. 8537 Anonymous
25th February 2021
Thursday 7:51 am
8537 spacer
>>8535

Rudgewick crashed about an hour before close. Coincidence? Maybe, I dunno, it's all fucking nonsense.
>> No. 8538 Anonymous
26th February 2021
Friday 3:12 am
8538 spacer
>>8496

It reaks very much of "rules for thee not for me". No one takes such a heavy shorting position unless they are manipulating the market, which hurts real investors. If anything the WSB action is much more reasonable the only people hurt by this were people who were short selling (i.e manipulating the market), in a honest world wsb would be congratulated on their ingenuity and the ethics of short selling would be brought into question.
>> No. 8539 Anonymous
26th February 2021
Friday 3:22 am
8539 spacer
>>8538

>No one takes such a heavy shorting position unless they are manipulating the market

Or they genuinely believe that a company has a future value of zero, which wasn't an unreasonable position with respect to Gamestop.

>the only people hurt by this were people who were short selling

The hedge funds have mostly recouped their losses; a lot of WSB latecomers have lost their life savings.
>> No. 8540 Anonymous
26th February 2021
Friday 8:58 am
8540 spacer
>>8539

>Or they genuinely believe that a company has a future value of zero

No lad the short was 140% of float, that is market manipulation plain and simple.

>The hedge funds have mostly recouped their losses; a lot of WSB latecomers have lost their life savings.

That is because, and only because illegal suspending of trading.
>> No. 8541 Anonymous
26th February 2021
Friday 1:24 pm
8541 spacer
>>8540

>No lad the short was 140% of float, that is market manipulation plain and simple.

Market manipulation has a very specific definition. "Too many people shorting a stock" does not meet that definition.

>That is because, and only because illegal suspending of trading.

What law did Robinhood break? Do you believe that GME would have stayed at a high long-term valuation?
>> No. 8542 Anonymous
26th February 2021
Friday 1:31 pm
8542 spacer
>>8540
When you get to 140% short, you're into blatantly naked territory. At that point, you're no longer merely betting on the price doing down, you're actively trying to drive it down. That's clearly manipulation at least in everyday language, if not legal terms.
>> No. 8543 Anonymous
26th February 2021
Friday 1:34 pm
8543 spacer
It's not real, there are no rules.
>> No. 8544 Anonymous
26th February 2021
Friday 1:38 pm
8544 spacer
>>8541
>What law did Robinhood break?
Sherman Antitrust Act of 1890
>> No. 8545 Anonymous
26th February 2021
Friday 3:07 pm
8545 spacer
>>8544

Who were Robinhood engaged in a trust or conspiracy with? What was the restraint of trade? What was being monopolised? (hint: the answer is not Citadel, no matter what you saw on Reddit)

Robinhood decided to restrict sell orders on highly volatile stocks because they didn't have enough capital on hand to cover their NSCC deposit requirements. What they did was specifically what they were required to do under Dodd-Frank. If complying with SEC regulations is illegal, then we're in some Kafkaesque scenario where it's literally impossible for a retail brokerage to not break the law.
>> No. 8546 Anonymous
26th February 2021
Friday 4:00 pm
8546 spacer
>>8545
I think this is the thing that gets lost on people. With the irregular activity, Robinhood's clearing broker upped their capital requirement from something like 2% of volume to 100%, meaning they had to front up the entire purchase price of any orders their customers placed before settlement, and deposit enough cash to cover the entire position.
>> No. 8547 Anonymous
27th February 2021
Saturday 2:27 am
8547 spacer
>>8545
>What was the restraint of trade?
>decided to restrict sell orders
It is a mystery you have evidently answered.

> Because they didn't have enough capital on hand to cover their NSCC deposit requirements
That is up for debate. Apparently US congress consider it worthy of enquiry but you consider the whole thing solved already.
>> No. 8548 Anonymous
27th February 2021
Saturday 9:58 am
8548 spacer
>>8547

>It is a mystery you have evidently answered.

That's not a restraint of trade; Robinhood's decision didn't prevent their customers from placing buy orders through any number of other brokerages. "Restraint of trade" has a specific legal meaning.

>US congress consider it worthy of enquiry

Congressional investigations have been little more than political showboating for many years.




>> No. 8549 Anonymous
27th February 2021
Saturday 10:59 pm
8549 spacer
If Robinhood were unable to facilitate trades because it was economically unviable for them to do so, they would have said that. Instead they press released some bullshit about protecting their users.
>> No. 8550 Anonymous
27th February 2021
Saturday 11:47 pm
8550 spacer
>>8549
They didn't, huh?
https://blog.robinhood.com/news/2021/1/29/what-happened-this-week
>> No. 8560 Anonymous
1st March 2021
Monday 11:19 am
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>>8439
>By all means bet on a crypto ... with some semblance of utility.
I've made a little cheat-sheet of all the ones that don't seem to exist purely for the sake of existing.
I've included my general impressions of the community as seen on reddit as about ten days ago I told someone to watch ADA, purely on the basis of their community appearing to mostly be sensible people. Not really understanding the tech, the behaviour and attitudes of the people who do seem like the next best indicator.
>> No. 8563 Anonymous
1st March 2021
Monday 3:39 pm
8563 spacer
>>8560
FYI, XRP is dead.
>> No. 8574 Anonymous
2nd March 2021
Tuesday 2:54 pm
8574 spacer
>>8563
That would explain why I got the impression I did.
>> No. 8576 Anonymous
9th March 2021
Tuesday 11:50 am
8576 spacer
Someone I work with keeps pushing HBAR Hedera, saying its worth about $0.14 so I should put in £20 because it's about to pop.
>> No. 8577 Anonymous
9th March 2021
Tuesday 11:55 am
8577 spacer
>>8576
It's about 14p rather than 14c but it has some buzz for no reason I can see.
>> No. 8578 Anonymous
9th March 2021
Tuesday 12:05 pm
8578 spacer
>>8577
He was going on about the likes of Google being involved, blockchain technology and decentralisation but I wasn't really paying attention.
>> No. 8579 Anonymous
9th March 2021
Tuesday 12:08 pm
8579 spacer
>>8578
They all say that sort of thing.
>> No. 8580 Anonymous
9th March 2021
Tuesday 12:12 pm
8580 spacer
>>8579
That's partly why I wasn't paying attention.
>> No. 8581 Anonymous
10th March 2021
Wednesday 9:01 pm
8581 spacer
Not financial advice:
ADA, VET, LINK (maybe), IOTA, XLM, ALGO, HBAR, MATIC, ZIL (maybe) & FANTOM (maybe). Sir not-included-in-this-list: Various ETH tokens because it's going to be PoW for the next five years which is unETHical. PoS only.
>> No. 8582 Anonymous
16th March 2021
Tuesday 7:33 pm
8582 spacer

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I feel like something fishy is going on. Like me you'll probably have an email invite from Deliveroo for their IPO because you've used them before that has been triggered by changes in UK law that allow the owner to overrule shareholder votes.

Obviously I'm not going to buy because JustEat seem to be running circles around them and I'd rather just invest in McDonalds direct but still, this feels very bubbly indeed and I have a bad feeling about what this means for potential investors. I'm not crazy am I?
https://www.ig.com/uk/news-and-trade-ideas/deliveroo-ipo-preview--losses-narrow-as-company-aims-to-raise-p1-210316
>> No. 8583 Anonymous
16th March 2021
Tuesday 10:21 pm
8583 spacer
>>8582
Given that they're backed by Amazon, I would have thought they were one of the better bets in that space.
>> No. 8584 Anonymous
17th March 2021
Wednesday 12:05 am
8584 spacer
>>8582

Deliveroo are the one company that doesn't deliver to my postcode yet, which either suggests they can't handle the infrastructure or that their business model is so dialled in that they don't need to cater to everyone. It's probably the latter.
>> No. 8585 Anonymous
17th March 2021
Wednesday 12:29 am
8585 spacer
>>8582
>triggered by changes in UK law that allow the owner to overrule shareholder votes
This was not a good idea. The Deliveroo IPO is basically allowing the founder to keep whatever stake he likes but with 20x the power that stake would otherwise get him. We've already seen elsewhere the problems that arise when the direction of a company can basically be dictated by one person, and they're not small problems by any means. UK companies listing in the US because they can pull this off doesn't suggest a problem with the rules in the UK, but rather a problem with the sort of people running those companies. It seems a little cakey to basically take all the cash that comes from a sale but not give up the power that attaches to the ownership you no longer have.
>> No. 8586 Anonymous
17th March 2021
Wednesday 12:50 am
8586 spacer
>>8583
Is that the same Amazon that exited the restaurant delivery business in both the US and UK after failing to make it work?
>> No. 8587 Anonymous
17th March 2021
Wednesday 1:02 am
8587 spacer
>>8586
Yes, it is. Also, in case you haven't noticed, they're the largest and most valuable ecommerce and delivery firm in the universe; delivering a few takeaways is well within their capabilities.
>> No. 8588 Anonymous
17th March 2021
Wednesday 9:53 am
8588 spacer
Not getting a straight answer here lads. I thought Deliveroo was worth a punt because the price always rises after an IPO, and they are continuing to do steady business during the pandemic. So what's the problem?
>> No. 8589 Anonymous
17th March 2021
Wednesday 2:38 pm
8589 spacer
>>8588
>the price always rises after an IPO

Not if its overpriced and if you're looking to hold then you want to think about the general business climate. Takeaway apps across the board will see a fall once restaurants open up anyway.
>> No. 8590 Anonymous
17th March 2021
Wednesday 2:58 pm
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>>8589
My friend who works in a hospital reckons we should expect another two waves before it settles down into permanent endemic status. What that'll do to restaurants I don't know, take this second-hand anecdotal evidence for what it's worth.
>> No. 8591 Anonymous
17th March 2021
Wednesday 3:04 pm
8591 spacer
>>8588
>the price always rises after an IPO
The executives of lastminute.com and Pets.com will be ecstatic to hear that.
>> No. 8593 Anonymous
17th March 2021
Wednesday 3:16 pm
8593 spacer
I'm waiting for the Vaccitech IPO.
>> No. 8594 Anonymous
17th March 2021
Wednesday 3:19 pm
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>>8589
I'm not looking to hold, I'm just experimenting. My understanding is that generally (but not always, as >>8591 points out) the price will rise immediately following an IPO, which seems like a good opportunity to make a quick buck. And if I don't, I'm not exactly betting my house on it, they are offering values of £250 at the lowest. Yes the restaurants will open up, so the plan is to get out before they can on a large scale.
>> No. 8595 Anonymous
21st March 2021
Sunday 4:58 pm
8595 spacer
So: Elon Musk and Jeff Bezos have a lot of wealth. They think the best use of it is to spend it on spaceships. This is "noble" or something. What's the best investment to get some of that drip down?
>> No. 8596 Anonymous
21st March 2021
Sunday 4:59 pm
8596 spacer
>>8595
Do you think it is noble?
>> No. 8597 Anonymous
21st March 2021
Sunday 5:11 pm
8597 spacer
>>8595
Obviously you invest in space companies. The UK has a leading small-satellite and sensor/comms industry if you want local and something benefitting from reduced launch costs. I suspect odds are good that you'll see undervalued space companies in general considering the pace of the global industry.

If you don't fancy the risk then you still have huge companies like Airbus.
>> No. 8598 Anonymous
21st March 2021
Sunday 5:30 pm
8598 spacer
>>8597

https://www.politics.co.uk/video/2021/02/04/uk-space-industry-in-danger-of-missing-out/ apparently Brexit fucked our chances.
>> No. 8599 Anonymous
21st March 2021
Sunday 7:55 pm
8599 spacer
>>8598
Why do we spend billions on making satellites if we could just send iPhones up there?
>> No. 8600 Anonymous
22nd March 2021
Monday 2:06 am
8600 spacer
>>8599
Because that's still cheaper than iPhones.
>> No. 8601 Anonymous
22nd March 2021
Monday 2:41 am
8601 spacer
>>8599

Serious answer: because cosmic radiation would destroy the electronics. To survive for any length of time outside the atmosphere, satellites need specialised integrated circuits that can withstand high-energy radiation. Some small experimental low earth orbit satellites have used smartphones for their control electronics, but they were only designed to have a working lifespan of a couple of weeks.

https://en.wikipedia.org/wiki/Radiation_hardening

https://en.wikipedia.org/wiki/PhoneSat

Also consumer-grade navigation chips are required by law to shut down if they exceed a velocity of 600m/s or an altitude of 16000m to prevent them from being used in ballistic missiles.
>> No. 8602 Anonymous
22nd March 2021
Monday 7:55 am
8602 spacer
>>8601
> ballistic missiles.
Surely a crude ballistic missile does't need much in the way of electronics.
>> No. 8603 Anonymous
22nd March 2021
Monday 9:24 am
8603 spacer
>>8602
depends if you want it to land somewhere in particular. Ballistic doesn't rule out guidance.
>> No. 8604 Anonymous
22nd March 2021
Monday 9:27 am
8604 spacer
>>8603
Note, though, that you can homebrew GPS solutions out of available silicon and open source software (or do it from scratch if you're exceptionally keen). It'll not be as small or low power as a commercial solution, but if you'rebuilding ICBMs you can probably afford an extra 20 grams to avoid the crippled features.
>> No. 8605 Anonymous
22nd March 2021
Monday 9:31 am
8605 spacer
>>8601
Fuck me even the circuitry is vulnerable. I don't see how we're ever going to get to the point of colonising the galaxy at this rate.
>> No. 8606 Anonymous
22nd March 2021
Monday 1:47 pm
8606 spacer
>>8601

Honestly if Steve ISIS can knock up a functional ICBM in his shed with fertiliser, coke bottles and a TomTom I'd say he deserves to nuke us.
>> No. 8607 Anonymous
22nd March 2021
Monday 2:38 pm
8607 spacer
>>8604

There are a whole bunch of other restrictions that make life difficult for Kim Jong Un and his ilk. High-G accelerometers, anything rad-hardened, anything with an extreme temperature rating and a whole bunch of other components are subject to export controls. Something as seemingly mundane as a sheet of nickel alloy can be subject to export controls because of the potential for military use. The US and EU satellite industries are quite strongly segregated because of the complexity and risk involved in exports; Brexit has very much left Britain in no-man's land.

>>8605

Radiation shielding is one of the hard problems of manned space flight. We're pretty good at protecting electronics, but protecting people is very much an unsolved problem.

https://en.wikipedia.org/wiki/Health_threat_from_cosmic_rays
>> No. 8610 Anonymous
25th March 2021
Thursday 3:31 pm
8610 spacer
Oh dear, maybe it's not a good idea to put anything into the Deliveroo IPO after all. Lots of big players are staying away.

https://www.bbc.co.uk/news/business-56515498
>> No. 8611 Anonymous
26th March 2021
Friday 12:52 am
8611 spacer
>>8598
I got a chuckle at the specialist from the Royal Aeronautical Society looking at the LE Size and Health survey and concluding things haven't changed over the past couple years. Considering the surveys are done on 2-year stints with the last being published in 2018 something might be amiss here.

>>8607
>The US and EU satellite industries are quite strongly segregated because of the complexity and risk involved in exports; Brexit has very much left Britain in no-man's land.

This is a backwards way of looking at it because the growth markets aren't in Europe or North America and export controls are set at MS level in the EU. I'm sure Japan will be intrigued to hear all this at any rate.

What you mean going by your focus is that MTCR members have agreed to a level of export control. NATO is the most obvious institution that circumvents controls between members but so does ESA. Underlining this is that Deliveroo doesn't own satellites but instead uses services and the same runs up into universities buying cube sats manufactured in the UK and launched elsewhere (although even elsewhere is starting to look like the Scottish highlands).
>> No. 8612 Anonymous
26th March 2021
Friday 2:55 am
8612 spacer
We do pretty well on building the satellites, many of them are built in Guildford, but we'll never be a viable launch site.
>> No. 8613 Anonymous
26th March 2021
Friday 3:22 am
8613 spacer
>>8611

>I'm sure Japan will be intrigued to hear all this at any rate.

Japan can make semiconductors and precision machine tools. They're self-reliant and inward-looking to a fault. Britain doesn't have anywhere near the high-tech manufacturing capacity to stand alone in the way that Japan does. We need to do a huge amount of trade with the EU to keep the wheels turning and Brexit has dumped a lot of paperwork on our desks that can inadvertently turn us into international arms smugglers if we cock it up.

>What you mean going by your focus is that MTCR members have agreed to a level of export control.

Nope. MTCR is quite narrow and rarely presents practical problems, but Wassenaar and ITAR/EAR are a constant pain in the arse. Military items are regulated at MS level, but dual-use items are covered at an EU level by 428/2009.

When we were in the EU, we could trade dual-use items freely within the bloc; now that we're outside, every movement across the channel counts as an export or re-export. A lot of businesses only tangentially related to aerospace or defence have had to apply for OGELs for the first time and we're still not sure what the long-term position is with respect to GEAs.

The British aerospace industry is by no means doomed, but we became much less competitive and much less attractive to investors on the first of January.
>> No. 8614 Anonymous
28th March 2021
Sunday 3:18 pm
8614 spacer
>>8610
>Trade union calls for Deliveroo UK riders strike to highlight IPO risks

>A trade union called for Deliveroo’s UK riders to strike when the meal delivery service floats on the stock market next month, saying on Sunday the action would highlight dissatisfaction with the company’s business model and approach to workers’ rights. Deliveroo, whose turquoise-uniformed couriers delivering chicken kormas and American hot pizzas are a common sight in many British suburbs, is set for Britain’s biggest stock market debut in nearly a decade after setting a share price range that values it at up to $12 billion.

>But some investment firms have said they will not participate in the initial public offering (IPO). Insurer Aviva for instance highlighted a lack of rights for riders as an investment risk as the company might be forced to change its business model. Deliveroo said investor demand had continued to build since its roadshow began on Monday, and said the views of the union which announced the strike, the Independent Workers’ Union of Great Britain (IWGB), did not represent the vast majority of riders.

>The IWGB previously lost a legal challenge to Deliveroo in 2018. The case sought to secure rights such as the UK minimum wage for riders, but the court ruled riders were self-employed. “Investing in Deliveroo means associating yourself with the exploitative and unstable business model,” IWGB President Alex Marshall said in a statement, adding the strike was planned for April 7, to coincide with the IPO.

>The rights of people who work in the so-called “gig economy” have been an increasing focus in Britain. Ride-hailing app Uber gave its workers more entitlements earlier this month after losing a Supreme Court case. Deliveroo said job satisfaction levels among its 50,000 self-employed riders in Britain was at an all-time high, and that the flexibility they had was a big attraction. “Thousands apply to work with us every week, reflecting the strong demand for our on-demand model,” a company spokeswoman said.

https://www.reuters.com/article/uk-deliveroo-ipo-strike/trade-union-calls-for-deliveroo-uk-riders-strike-to-highlight-ipo-risks-idUSKBN2BK060

I'm glad I remembered Benjamin Graham's advice against IPOs before sinking a grand into this.

>>8611
>we'll never be a viable launch site

I don't know about this. It seems like we're doing really well in the engine market at the moment and we're in a much better position to our European rivals e.g. Germany exploring sea platform launch.

At the very least there should be a small-launch market given the ongoing Ariane debacle.
>> No. 8615 Anonymous
28th March 2021
Sunday 6:57 pm
8615 spacer
>>8610

The entire stock market is an elaborate scam designed to make me lose money.
>> No. 8616 Anonymous
31st March 2021
Wednesday 11:46 am
8616 spacer
The shares I had in Aalberts Industries have gone up by almost 20% since I decided to sell them and double down on my losses in BlackBerry. I do not know what I am doing.
>> No. 8617 Anonymous
31st March 2021
Wednesday 12:36 pm
8617 spacer
>Deliveroo shares drop 30% on stock market debut
https://www.bbc.co.uk/news/business-56578445

And let that be a lesson that IPOs are not an way to make easy money.
>> No. 8618 Anonymous
31st March 2021
Wednesday 12:49 pm
8618 spacer
>>8617
I imagine a fair chunk of the downward pressure was related to the dual listing. Big investors like institutions don't want to take a significant stake in a company if the founders can basically overrule them with a much smaller stake.
>> No. 8619 Anonymous
31st March 2021
Wednesday 1:08 pm
8619 spacer
>>8618
Many institutions have made a noise about Deliveroo's working practices, but behind that they've said they don't really have a sustainable long-term business model.

There's no real barrier to entry, Just Eat are investing heavily to boost their own restaurant offering rather than focusing on takeaways and started moving away from the gig economy to employed, they made a loss of £224million last year and that's on the back of exploitative business practices and it's not like they really have any assets either.
>> No. 8620 Anonymous
31st March 2021
Wednesday 1:09 pm
8620 spacer
>>8619
>they made a loss of £224million last year
How? What overheads do they have? A website?
>> No. 8621 Anonymous
31st March 2021
Wednesday 1:11 pm
8621 spacer
>>8619
It's pretty par for the course. Uber has literally never made a penny in its entire history. They can say that they can't afford to do business if they have to treat their workers properly, but they already can't afford to do business.
>> No. 8622 Anonymous
31st March 2021
Wednesday 1:14 pm
8622 spacer
>>8620
That and the staff that build and maintain it which are being paid at a market premium of about 30-40%.

I'm getting tired of this "we can't afford to provide benefits to drivers" when they can easily afford to provide top-of-market salaries and equity to some project managers.
>> No. 8623 Anonymous
31st March 2021
Wednesday 1:19 pm
8623 spacer
>>8620
They're burning money trying to expand the business, particularly overseas. I'm sure I read somewhere that they haven't been able to make any real headway outside of London.
>> No. 8650 Anonymous
6th April 2021
Tuesday 5:23 pm
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I'M ACTUALLY HOLDING SOMETHING THAT ISN'T AT A LOSS FOR ONCE.
>> No. 8653 Anonymous
6th April 2021
Tuesday 8:43 pm
8653 spacer
>>8650
Nice to know someone else's investments are worse than mine.
>> No. 8654 Anonymous
6th April 2021
Tuesday 9:00 pm
8654 spacer
>>8653
I made the mistake of listening to you lot. That's where I end up going wrong so I don't know why I did it. I saw someone elsewhere post "helium's going up" and it is so I think I'll try this tactic out for a bit. Next stock I'll take a punt on after seeing some random bollocks online is Aston Martin.
>> No. 8656 Anonymous
6th April 2021
Tuesday 9:17 pm
8656 spacer
>>8654
I work with someone who invested loads in Aston Martin, and the share price has plummeted since he did that. So maybe, perhaps, this is the time to buy low? Put your life savings on it and tell me what happens.
>> No. 8657 Anonymous
6th April 2021
Tuesday 10:07 pm
8657 spacer
>>8654
>I saw someone elsewhere post "helium's going up"

HEH.
>> No. 8658 Anonymous
6th April 2021
Tuesday 10:44 pm
8658 spacer

helium.jpg
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>>8656
Papa Stroll is trying to revive their fortunes, which is part of the reason he's rebranded his F1 team.

>>8657
Get in before it's overinflated.
>> No. 8659 Anonymous
7th April 2021
Wednesday 1:13 am
8659 spacer
>>8656
Why would you invest in Aston Martin just as their ugliest cars are being released? That Vantage looks like some shite out of Cyberpunk 2077.
>> No. 8660 Anonymous
7th April 2021
Wednesday 1:19 am
8660 spacer
>>8659

The market wants modern future looking cars.

People are paying for the cybertruck ffs.
>> No. 8661 Anonymous
7th April 2021
Wednesday 1:35 am
8661 spacer
>>8660
Well if that's true why is Aston Martin's stock price so far down the shitter otherlad's mate is about to paint his ceiling brain matter carmine, and Elon Musk is a fulltime wacky waving inflatable flailing arm man who's only job is to trick people into thinking fucking Tesla and it's "self-driving" murder-suicide-mobiles matter?
>> No. 8662 Anonymous
7th April 2021
Wednesday 1:57 am
8662 spacer
>>8661

Because Aston doesn't have an Elon.

There'll always be rich idiots, they'll be out in full force post-pandemic. Note that I'm not telling you to buy any shares, please god don't listen to me either way. I'll let you know when I float my own company and we can all make that financial mistake together.
>> No. 8663 Anonymous
7th April 2021
Wednesday 2:13 am
8663 spacer
>>8662
I know all this. I was answering your point about "future looking cars".
>> No. 8664 Anonymous
7th April 2021
Wednesday 2:20 am
8664 spacer
>>8663

Oh.
>> No. 8669 Anonymous
7th April 2021
Wednesday 3:13 pm
8669 spacer

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866986698669
TOLD YOU, LADS. HELIUM IS GOING UP.
>> No. 8670 Anonymous
7th April 2021
Wednesday 3:55 pm
8670 spacer
>>8669
Do you really trust those apps? If one day they decide they've had enough for whatever reason, they can just shut down and all "your" stocks will be gone.
>> No. 8671 Anonymous
7th April 2021
Wednesday 5:12 pm
8671 spacer
>>8670
Yes.
>> No. 8672 Anonymous
7th April 2021
Wednesday 5:50 pm
8672 spacer
>>8670

They're no less regulated than H&L or whichever other brick and mortar institution you have decided is less likely to fold.

As someone who had all their money in both the Northern Rock and Halifax around 2008, I find the idea that established banks or financial services are more reliable very amusing.
>> No. 8673 Anonymous
7th April 2021
Wednesday 6:02 pm
8673 spacer
>>8672

I'm not going to lose my money if I get pick-pocketed or fall over funny.
>> No. 8675 Anonymous
7th April 2021
Wednesday 6:58 pm
8675 spacer
>>8672
Well are share holdings or cash balances held in trading accounts covered by the government's £85k guarantee doobry?
>> No. 8676 Anonymous
7th April 2021
Wednesday 8:22 pm
8676 spacer
>>8675

Yes.
>> No. 8678 Anonymous
7th April 2021
Wednesday 8:53 pm
8678 spacer
>>8673
I doubt the shares are actually stored on the phone itself. I have Coinbase for cryptocurrency (don't use it; it's shit) and when I got a new phone, I just downloaded the app again and logged in and my ~£400 was still there. Honestly, I don't know what all these people who lose a wallet of 50,000 Bitcoins are angry about.
>> No. 8685 Anonymous
7th April 2021
Wednesday 10:49 pm
8685 spacer
>>8673

Just look up the FCA and learn what they do.
>> No. 8719 Anonymous
12th April 2021
Monday 1:21 pm
8719 spacer

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871987198719
HELIUM
IS
GOING
UP
>> No. 8725 Anonymous
14th April 2021
Wednesday 3:39 pm
8725 spacer
Speaking of IPOs, what do you lads think about Darktrace which is expected to happen in the next few months?
>> No. 8754 Anonymous
30th April 2021
Friday 12:16 pm
8754 spacer
Helium One shares have reached 20p today. I ruddy told you lads to get in, I told you.
>> No. 8755 Anonymous
30th April 2021
Friday 3:33 pm
8755 spacer
>>8725
They had a blinding start today.
>> No. 8756 Anonymous
4th May 2021
Tuesday 3:23 pm
8756 spacer

Heliumsgoingup.jpg
875687568756
Above 24p now. Helium, lads.
>> No. 8757 Anonymous
4th May 2021
Tuesday 6:58 pm
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>>8756
It's a package deal, if you'd just told me when to sell as well then I would have been on board. Frankly I'd appreciate if you simply wired your profit into my bank account for making up for that disservice.
>> No. 8758 Anonymous
4th May 2021
Tuesday 7:11 pm
8758 spacer
>>8757
Why would I sell? It's going to keep going up.
>> No. 8759 Anonymous
4th May 2021
Tuesday 7:36 pm
8759 spacer
>>8758
The helium balloon will burst sooner or later.
>> No. 8765 Anonymous
12th May 2021
Wednesday 8:19 pm
8765 spacer

_118478577_optimised-us.inflation-nc.png
876587658765
Hello, I would like it very much if I could stop losing money now. Everyone please stop spending money.
>> No. 8766 Anonymous
12th May 2021
Wednesday 9:02 pm
8766 spacer
>>8765

Just saw your post, popped on the daytrades and made 10% with some frivolous shorts. Though I didn't close UVXY in time. We'll see how that pans out.
>> No. 8767 Anonymous
13th May 2021
Thursday 4:34 pm
8767 spacer
>>8766
I forgot my alarm for NYSE opening, just popped in and my UVXY short was up 10% instead of 2%. Thanks! That said I am of course still in the red, but hey.
>> No. 8768 Anonymous
13th May 2021
Thursday 5:16 pm
8768 spacer
Today has been really good for me - lost a small amount yesterday, but it all came back today. Wish I had some more cash to buy..
>> No. 8812 Anonymous
2nd June 2021
Wednesday 7:15 pm
8812 spacer
BlackBerry are up about 25% today so I'm up for the first time since the end of January/beginning of Feb.
>> No. 8813 Anonymous
2nd June 2021
Wednesday 7:36 pm
8813 spacer
>>8812

woowowoowowo

I've been holding bags all this time.

Nokia also looking alright.
>> No. 8824 Anonymous
4th June 2021
Friday 9:23 am
8824 spacer
Do LSE holdings tend to mirror the NYSE pattern of prices tanking just before an earnings report, and then even more still if the new is anything other than overwhelmingly positive?
>> No. 8825 Anonymous
4th June 2021
Friday 10:17 am
8825 spacer
>>8813

The fuck do Nokia even do nowadays?
>> No. 8826 Anonymous
4th June 2021
Friday 11:28 am
8826 spacer
>>8825

Putting WiFi on the Moon or something probably.
>> No. 8827 Anonymous
4th June 2021
Friday 12:30 pm
8827 spacer
>>8825

The consumer brand is now owned by HMD Global, but Nokia have a substantial market share of infrastructure and network equipment. The political squabbling about Huawei has been very good to Nokia and Ericsson.
>> No. 8828 Anonymous
4th June 2021
Friday 1:43 pm
8828 spacer
Isn't Nokia just one of the WSB meme stocks?
>> No. 8845 Anonymous
8th June 2021
Tuesday 1:25 pm
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Is anyone else in on plundering Africa for resources? All of that lithium in Mali isn't going to mine itself.
>> No. 8846 Anonymous
8th June 2021
Tuesday 4:43 pm
8846 spacer
>>8845
You say that like you're joking.
>> No. 8847 Anonymous
8th June 2021
Tuesday 4:48 pm
8847 spacer
>>8846
I'm not. The price was depressed due to the coup but now things are progressing again it's ticked back up.
>> No. 8848 Anonymous
8th June 2021
Tuesday 4:57 pm
8848 spacer
>>8847
In that case, no. Please don't invest in mining in Africa.
>> No. 8849 Anonymous
8th June 2021
Tuesday 5:08 pm
8849 spacer
>>8848
Why not? We need lithium.
>> No. 8850 Anonymous
8th June 2021
Tuesday 5:13 pm
8850 spacer
>>8845
I have never really had good results with punts on mining companies; they're just a crapshoot.
>> No. 8851 Anonymous
8th June 2021
Tuesday 5:28 pm
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>>8850
This one was a speculative punt during the coup but I expect the price could go up substantially if the feasibility study into the mine goes well. I'll probably hold onto it for the rest of the year and then move it into something more stable.
>> No. 8870 Anonymous
18th June 2021
Friday 12:13 pm
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Told you lads. Plundering.
>> No. 8886 Anonymous
25th June 2021
Friday 2:55 pm
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Helium continues to go up.
>> No. 8887 Anonymous
30th June 2021
Wednesday 3:18 pm
8887 HSS
puntingHSS.png
888788878887
Now this is a punt.

I've been buying little lots of these on dips this year.

Any other penny shares out there people like the look of? (Spare me Cineworld for upsetting otherlad).
>> No. 8888 Anonymous
30th June 2021
Wednesday 3:57 pm
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>>8887
Versarien if you want to get into graphene, MGC Pharmaceuticals if you want to get into medical cannabis, Simec Atlantis Energy if you want to take a punt on tidal power.
>> No. 8889 Anonymous
30th June 2021
Wednesday 4:18 pm
8889 spacer
>>8888
Thanks lad, those are just the kinds of things I was looking for. Gonna buy a hundred quid or so each of those to get going.
>> No. 8890 Anonymous
30th June 2021
Wednesday 8:14 pm
8890 spacer
How do I invest in The Krypton Factor?
>> No. 8891 Anonymous
3rd July 2021
Saturday 3:06 pm
8891 spacer
Careful with those investment lads, we're about to enter a period of Sonic Inflation.
>> No. 8892 Anonymous
3rd July 2021
Saturday 3:17 pm
8892 spacer
>>8891
I don't even get what the inflation people are so worried about. If the currency is running out of control then what I really don't want to be doing is holding money.
>> No. 8893 Anonymous
3rd July 2021
Saturday 3:30 pm
8893 spacer
>>8892
If you don't understand why you need to be worried about sonic inflation you need to look it up.
>> No. 8894 Anonymous
3rd July 2021
Saturday 3:45 pm
8894 spacer
>>8893

I for one welcome it. I do own shares in Paheal, though.
>> No. 8895 Anonymous
3rd July 2021
Saturday 7:25 pm
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>>8891
Wouldn't it be better to invest if there is an inflation? Especially crypto?
>> No. 8896 Anonymous
3rd July 2021
Saturday 8:29 pm
8896 spacer
Fintech, if you know what you are doing. Not Bitcoin or Doge, Etherium, slot machines. My friend made a killing on XRP. Look at the technology behind crypto and how it can be used non fiat - especially with inflation round the corner and dependency with online transactions post covid. Hang around with computer nerds and look to future proofing and how non fiat currencies are transacted without having a processor the size of a house. Start there.
>> No. 8897 Anonymous
3rd July 2021
Saturday 9:35 pm
8897 spacer
>>8896
Perhaps the wisest post in this thread so far.
>> No. 8898 Anonymous
3rd July 2021
Saturday 9:57 pm
8898 spacer
>>8896
I've been trying for years to get a grasp of where crypto tech will actually go in the long run but I just lack the technical understanding to make meaningful evaluations. Every time I find a project that I think has a legitimate and promising use case, it ends up going nowhere in particular. I foolishly thought blockchains would be running everything by now (alongside driverless cars dominating the roads, a vision which also seems to have stagnated).

Are there are any serious tech-oriented places on the internet where I can read the thoughts of people working on this stuff without it being clouded by speculators? Or do you literally just have to have personal connections to knowledgeable tech people?
>> No. 8899 Anonymous
3rd July 2021
Saturday 10:02 pm
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>>8898
Not specifically about crypto, but very good for tech in general is Stratechery.

https://stratechery.com
>> No. 8900 Anonymous
3rd July 2021
Saturday 11:02 pm
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>>8897

Cheers m8
>> No. 8931 Anonymous
12th August 2021
Thursday 7:47 am
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Helno.jpg
893189318931
Helium popped.
>> No. 8932 Anonymous
12th August 2021
Thursday 8:52 am
8932 spacer
>>8931
The balloon has deflated
>> No. 8933 Anonymous
12th August 2021
Thursday 10:03 am
8933 spacer
It's below 11p now. I think I need to resist the urge to double down.
>> No. 8934 Anonymous
12th August 2021
Thursday 12:39 pm
8934 spacer
>>8933
You've already missed out on >16% gains. You're really going to kick yourself when they redrill the Tanzanian well and find extractable gas.
>> No. 8935 Anonymous
26th August 2021
Thursday 5:50 pm
8935 spacer
>>8934
It's closed at 8.52p. I'm glad I didn't try and buy the dip from the initial fall.
>> No. 8943 Anonymous
2nd September 2021
Thursday 11:47 am
8943 spacer
>>8888
I made a punt on MGC and it's gone well, despite the big spread, now in profit. Thanks.
>> No. 8947 Anonymous
15th September 2021
Wednesday 11:31 am
8947 spacer
Maybe I've spent too much time on r/UKPersonalFinance lately, but it seems like a substantial amount of members on the sub are complete retards.

For example, loads of people are shitting the bed over the announcement that CPI in the 12 months to August 2021 was 3.2%. They're panicking like it's the end of the world and need to completely overhaul their investment strategies. There's been quite a few posts to that sub that have given me the impression that most members are investing in Vanguard trackers just because everyone else is doing it and as they don't really understand what they're doing they're at risk of making a really stupid mistake.
>> No. 8948 Anonymous
15th September 2021
Wednesday 11:34 am
8948 spacer
>>8947
Lots of that finance stuff on the R site is frightening - WallStreetBets is a work of art in itself.
>> No. 8949 Anonymous
15th September 2021
Wednesday 11:53 am
8949 spacer
>>8948
UKPersonalFinance is meant to be the sensible and boring one, which it largely is but a lot of posters there seem to be very sheltered away from the real world and seem to exemplify a little knowledge being a dangerous thing.
>> No. 8950 Anonymous
15th September 2021
Wednesday 12:59 pm
8950 spacer
>>8949
> a little knowledge being a dangerous thing

To a certain extent though, that is the retail market - you can see from many sites, most people don't know what they are doing and act irrationally, and often in a panic. Herd mentality is very real. They key is not to get seduced by it, and do your own thing.
>> No. 8951 Anonymous
15th September 2021
Wednesday 1:20 pm
8951 spacer
>>8947
>>8948
I'd join you lads on the horse only, when I went to post I remembered all the stupid shit I've done with my money. For instance not throwing every penny I own on clearly bullshit meme stocks and animal coins.

Index trackers are perfect when you don't understand what you're doing imo. If you don't have most of your money in a few of them then frankly I think you might be retarded.
>> No. 8952 Anonymous
15th September 2021
Wednesday 2:09 pm
8952 spacer
>>8951
You can't go too far wrong with index funds, but if you don't really know what you're doing and why because you decided to blindly follow the herd then you're at risk of making a stupid mistake or becoming unstuck the first time you encounter an obstacle.
>> No. 8953 Anonymous
15th September 2021
Wednesday 3:23 pm
8953 spacer
All my non-meme investments are the very Vanguard tracker funds that you're talking about. I put £5000 in two different ones, plus a hundred quid each every month, and they've made me about a grand since last year. I don't really know very much, but I plan to leave the money untouched until it's enough for my needs, and if it drops to nothing temporarily then rockets back up again, I'll be fine. I didn't even do that much research into which funds are best to invest in; I went FTSE because God save the Queen but that's most of my research right there. No gambling from me.

Am I one of the fools you're talking about? Am I in trouble?
>> No. 8954 Anonymous
15th September 2021
Wednesday 3:29 pm
8954 spacer
>>8953
>Am I in trouble?

No, sounds like you're doing it right.

When you want to branch out into other funds, I recommend these guys - Fundsmith - I put £5k in two/three years ago, also top up by £100/month, and they've returned over 40%.

https://www.fundsmith.co.uk
>> No. 8955 Anonymous
15th September 2021
Wednesday 3:59 pm
8955 spacer
>>8953
No, not unless you do something daft like selling when the market falls or deciding to make rash decisions because you've yourself worked up into a flap over something like inflation.

>>8954
Fundsmith holds shares in about <30 companies, big names like Facebook, Microsoft, PayPal, PepsiCo, Visa, Starbucks and LVMH. With a concentrated portfolio like that it's not too far off stock picking.
>> No. 8956 Anonymous
15th September 2021
Wednesday 4:56 pm
8956 spacer
>>8953
That's exactly what you should be doing, it's defensive and probably best value for money once you factor time. Albeit you probably want to spread to different indices (the US/others), try to pay the same amount each month no matter what the news says and you're doing what is called 'dollar cost averaging' i.e. avoiding any risk you stuff a lump in right at the peak.

If you want to get autistic there is slight variation in how trackers track but you can't go wrong with finding the cheapest.

>if it drops to nothing

If the FTSE drops to nothing then I assure you that we'll have more important things to worry about.
>> No. 8957 Anonymous
15th September 2021
Wednesday 5:36 pm
8957 spacer
>>8956
>what is called 'dollar cost averaging'

I didn't realise I was on an American imageboard. It's always been known as pound cost averaging here.
>> No. 8963 Anonymous
15th September 2021
Wednesday 8:33 pm
8963 spacer
>>8957
Oh yes, silly me. I'd forgotten we don't use the terminology of the guy who popularised it and instead substitute our own terms from a deep seated inferiority complex.

Good thing my Little Chef is going to arrive soon so I can sober up on beef wellington and large roast potatoes.
>> No. 8964 Anonymous
15th September 2021
Wednesday 8:47 pm
8964 spacer
>>8963
>instead substitute our own terms from a deep seated inferiority complex.

It's called pound cost averaging in Britain because we use pounds, not dollars.
>> No. 8965 Anonymous
15th September 2021
Wednesday 9:35 pm
8965 spacer
It's actually called optimising VWAP.
>> No. 8966 Anonymous
15th September 2021
Wednesday 11:27 pm
8966 spacer
>>8965
Other relevant metrics are BKT and MOP.
>> No. 8967 Anonymous
16th September 2021
Thursday 12:17 am
8967 spacer
>>8966
Depends - if you're already long CRT or FRK then everything is probably good for the next seven days. Othewise you should pull-out/sell.
>> No. 8968 Anonymous
16th September 2021
Thursday 1:15 am
8968 spacer
>>8967
That's a strategy that requires giving it everything you've got to pull off.
>> No. 8969 Anonymous
16th September 2021
Thursday 4:26 am
8969 spacer
>>8968
It does - but as long as your house is in order, and you're very long HOE, then everything should be okay.
>> No. 8978 Anonymous
22nd September 2021
Wednesday 6:54 pm
8978 Lab Grown Meat
agronomics.png
897889788978
Leonardo Dicaprio just invested in Mosa Meat: https://mosameat.com/blog/leonardo-dicaprio-invests-in-mosa-meat.

As far as I know then the only way to get exposure to this sector is via Jim Mellon's Agronomics fund. It looks expensive -- 15% of any increase in NAV goes straight into Mellon's pocket (and that NAV comes from hard-to-value tiny private companies), but this is a hot area and unless you are a millionaire then you have no alternative.

I put £5k in a few weeks ago after listing to the Mellon interview on the Moneyweek podcast and then reading his "Moos Law". It is up 36% since then but I expect it to be more of a rollercoaster ride that a smooth trip to the moon.

It is far more interesting than my Temple Bar Investment Trust holding, which seems to be suffering from Long COVID - it has still not recovered to its pre March 2020 high.
>> No. 8979 Anonymous
28th September 2021
Tuesday 4:56 pm
8979 spacer
Where do you lads think I should put my paycheque now that the market's down?

A. Gamble on COP26 in November with renewables.
B. Reward an Indian fund for growth.
C. Up my arse.

Obviously the US will raise the debt as usual because it's a third-world country that doesn't do it automatically with spending precisely because of the fun it causes.
>> No. 8980 Anonymous
28th September 2021
Tuesday 5:06 pm
8980 spacer
>>8979
Invest in a pub chain. The likes of Spoons and Marston's are about a third down on their price before last year's fall.
>> No. 8981 Anonymous
28th September 2021
Tuesday 5:13 pm
8981 spacer
>>8980
Aren't we due to go into winter lockdown in a month or two?
>> No. 8982 Anonymous
28th September 2021
Tuesday 5:20 pm
8982 spacer
>>8981
Are you still going on about the 2020 pandemic?
>> No. 8983 Anonymous
28th September 2021
Tuesday 5:21 pm
8983 spacer
>>8982
Your guess is as good as mine.
>> No. 8984 Anonymous
28th September 2021
Tuesday 5:41 pm
8984 spacer
>>8979
Out of those three choices, A.
>> No. 8985 Anonymous
28th September 2021
Tuesday 6:50 pm
8985 spacer
>>8979
I would work on the assumption that a takeaway presumably funds someone's growth and go for a very tasty B.
>> No. 8986 Anonymous
28th September 2021
Tuesday 11:39 pm
8986 spacer
I've been thinking of having a punt on an airline. Not sure which one yet though; they seem a safer bet as a recovery stock, than food & hospitality - not sure there are many obvious winners in that sector.
>> No. 8987 Anonymous
29th September 2021
Wednesday 1:21 am
8987 spacer

Untitled.png
898789878987
>>8986
Just bet Sainsburys. Rumours of a takeover attempt are in the works and people need food to live.

Plus I'm buying tomorrow because I shop there so they must have the right clientele.
>> No. 8988 Anonymous
29th September 2021
Wednesday 3:20 am
8988 spacer
>>8987
I'm a big fan of buying stocks in companies I regularly use, so that's a good shout. I've noticed the rumours though and it seems a bit late to get in now - would have been a great punt this time last year.
>> No. 8989 Anonymous
29th September 2021
Wednesday 8:28 am
8989 spacer
>>8986

I've said it before but Jet2 is an airline that has been building a reputation for reliability throughout the pandemic. But also someone like Ryanair simply can't be stopped.

On the other hand, perhaps looking at aviation manufacturing is the smarter bet. Airbus in particular stand to make a lot of sales in the coming years, as airlines are forced to upgrade to more efficient airframes.
>> No. 8990 Anonymous
29th September 2021
Wednesday 11:40 am
8990 spacer
>>8988
>I'm a big fan of buying stocks in companies I regularly use, so that's a good shout.

It's something I try to do but all the good companies have the cheek to not want my money. My Whole Earth Peanut Butter and Huel lust is maddening.

Thankfully I like McDonalds and can subtly manipulate you lot into buying their food.
>> No. 8991 Anonymous
6th October 2021
Wednesday 7:55 pm
8991 spacer

Relaxed Monkey.png
899189918991
Certainly a spooky old time on the markets isn't it. Hope you two aren't realising those losses.
>> No. 8993 Anonymous
12th October 2021
Tuesday 10:16 am
8993 spacer

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899389938993
Widening losses, questions over the finances and the majority shareholder, time for me to go in and lose some money.
>> No. 8994 Anonymous
12th October 2021
Tuesday 11:11 am
8994 spacer
>>8993
I actually bought them on Friday...
>> No. 8995 Anonymous
12th October 2021
Tuesday 12:55 pm
8995 spacer
>>8993
>>8994
I hate to play Captain Hindsight when I didn't say anything but this is why you don't touch tidal with a 10-foot pole. Swansea Bay should've been enough notice that this is a mugs game run by conmen chasing grants.
>> No. 8996 Anonymous
12th October 2021
Tuesday 1:39 pm
8996 spacer
>>8995
It's a £200 punt, I can afford to lose it all.
>> No. 8997 Anonymous
12th October 2021
Tuesday 3:57 pm
8997 spacer
>>8995

Can you elaborate on this a bit? I was interested in the Swansea Bay "tidal lagoon" project when I was there, I thought it was cancelled entirely?
>> No. 8998 Anonymous
12th October 2021
Tuesday 4:15 pm
8998 spacer
>>8997
https://en.wikipedia.org/wiki/Tidal_Lagoon_Swansea_Bay

Good history and timeline here - seems like the Welsh government have revived the project.
>> No. 8999 Anonymous
12th October 2021
Tuesday 5:34 pm
8999 spacer
>>8997
You might want to take your share money and invest it in Private Eye.

- The owner Mark Shorrock has been caught out flat-out lying to a select committee on financial inducement for local council to approve a 'separate' quarry he bought (that incidentally would tear up Cornwall). The fact that his wife put 500k into the project as CEO of a renewables group also seemed to be nicely swept under the carpet despite it now being essentially money burnt.

- It's also been blatantly fiddled with to make a business case after nobody bought a project that would provide energy at 3 times the current market cost so the time frame was extended until it did. The fact that this is significantly more than Hinckley says something.

- When asked about the fact that tidal lagoons generate power effectively twice a day the idea was to create many, many, lagoons along the coast to maintain a baseline. Despite this actually being impossible to generate power this way over the day.

It really beggars belief. This is wood pellet incinerators by another name. This is ripping up tonnes of rock from an area of outstanding beauty, including the Manacles MCV, transporting it to the Welsh coastline, dumping said rock into the coastal ecosystem and calling it environmentally friendly, this is a project supported by the Labour party for mysterious reasons that have nothing to do with lobbying.
>> No. 9002 Anonymous
12th October 2021
Tuesday 7:26 pm
9002 spacer
>>8999
> invest it in Private Eye

As far as I know it's still privately owned. It really should be required reading for everyone, but if you don't feel like investing share your copy with your mates. It's hands down the best print media to report on boring every-day corruption and back-hand dealing.
>> No. 9009 Anonymous
13th October 2021
Wednesday 12:36 pm
9009 spacer
>>9002
Agreed, though it's not perfect of course. It helped to found the anti-vax movement by backing Wakefield, and in the past couple of years it's joined the establishment TERF pile-on.

The Byline Times is a strong new challenger in the field of investigative journalism.
>> No. 9011 Anonymous
30th October 2021
Saturday 12:39 pm
9011 spacer
I've just discovered that 'Living On A Share' hasn't been taken as a handle. I've just registered the twitter and am now going to squat this genius name.
>> No. 9012 Anonymous
8th November 2021
Monday 10:30 am
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Kod.jpg
901290129012
Kodal Minerals have been granted their lithium mining licence in Mali.
>> No. 9013 Anonymous
19th November 2021
Friday 5:25 pm
9013 I'm gambling
Screenshot 2021-11-19 at 17.21.53.jpg
901390139013
Go Helium One!
>> No. 9014 Anonymous
19th November 2021
Friday 7:34 pm
9014 spacer
>>9013
Never mind that you're gambling, do you seriously have over £140,000 invested in that helium company? Or am I reading it wrong?
>> No. 9015 Anonymous
19th November 2021
Friday 7:48 pm
9015 spacer
>>9014

He has £100.25 invested - 1412 shares at ~7p/share.
>> No. 9016 Anonymous
19th November 2021
Friday 8:53 pm
9016 spacer
>>9015
That certainly makes more sense. Thank you.
>> No. 9048 Anonymous
24th December 2021
Friday 6:46 pm
9048 spacer
Various crypto seem to be climbing again, maybe people are buying in anticipation of another New Year's boom like the last.
>> No. 9049 Anonymous
24th December 2021
Friday 6:50 pm
9049 spacer
>>8888
This was my favourite stock pick of the year. It's down loads from this price, but I bought in right at the bottom and have made tons since. It's a complete hail mary punt, but I love it.
>> No. 9050 Anonymous
24th December 2021
Friday 7:04 pm
9050 spacer
>>9049
I'm still waiting on the sonic inflation that the other lad had completely made up.

That and for helium to start going up again.
>> No. 9051 Anonymous
24th December 2021
Friday 9:36 pm
9051 spacer
>>9050
It's already happened. There are tonnes of articles about sonic inflation.
>> No. 9052 Anonymous
24th December 2021
Friday 10:48 pm
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I don't think you lads are on about what I think you are. Are you?
>> No. 9053 Anonymous
24th December 2021
Friday 10:58 pm
9053 spacer
>>9051
That was just Chris-Chan getting arrested.
>> No. 9054 Anonymous
29th December 2021
Wednesday 12:33 pm
9054 spacer
Come into 50k. I now have savings of... 51k.

Not a fucking clue how to manage this. I have no debts. I don't own a house/property and not looking to for a couple of years. So far I've just chucked it in a savings account but that can't be wise.

I'm on the ukpersonalfinance flowchart; https://ukpersonal.finance/flowchart/

I'm at the 'make long term investments in low-cost index funds', S&S lisa, but I'm not really sure that's wise? Feels a bit nervewracking doing anything with this cash. I'm a povvo so not used to it. Any advice please ladm8s?
>> No. 9055 Anonymous
29th December 2021
Wednesday 12:44 pm
9055 spacer

FALTI-Chart-2-Dec-21.png
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>>9054
That depends entirely on your risk tolerance and how much of this money you think you'd need for a house deposit.

Over the past fifty years or so, if you invested money for any two-year period you'd have just over a 20% chance you'd make a loss. Most people in that position are able to hold and wait for their investments to recover but are you able to be flexible on when you buy a house or would you have to take the hit? There's also the risk that if you did decide to postpone buying a house because your investments fell that you'd lose more money in rent than you'd get back from the investment gains over that timeframe.

You first off need to come up with your plan for buying a house or any goals you have and then you can see how you can use the money to best try and meet them. You should also look to make use of LISAs for the government top up.
>> No. 9056 Anonymous
29th December 2021
Wednesday 12:55 pm
9056 spacer
>>9054
>I don't own a house/property and not looking to for a couple of years

Reconsider.

>I'm not really sure that's wise

Do you know what's happening to that money that is sitting in your savings account, it's magically becoming worth less and less due to inflation. When you hold a large sum of money you always lose, you might lose by less if there's a bust but usually the lines go up.
>> No. 9057 Anonymous
29th December 2021
Wednesday 4:56 pm
9057 spacer
>>9054
Fundsmith
>> No. 9058 Anonymous
2nd January 2022
Sunday 3:14 pm
9058 spacer
A friend asked for some investment advice, so I told them to make an account with Vanguard and to take a look at funds.
He only invested £1k but did it in a general account not an ISA. Obviously I then told them to make an ISA account for all future investments. Is there any point moving the £1k in the general account to an ISA? It is an accumulator but I doubt it will ever go over the personal allowance so wouldn't ever have to pay any tax on it.
>> No. 9059 Anonymous
2nd January 2022
Sunday 5:26 pm
9059 spacer
>>9058
If it's only a small amount, then not really worth it; I mean unless your friend knows about a couple of 20-baggers, in which case you should spill all the beans.
>> No. 9060 Anonymous
2nd January 2022
Sunday 5:31 pm
9060 spacer
>>9058
>Is there any point moving the £1k in the general account to an ISA?

I suppose it depends on what he wants to do with it but unless he makes some stupid bet and wins I don't see the taxman getting involved. Anyway, a lifetime ISA will earn a 25% bonus on what he pays in from the government but it's also money that is supposed to be locked in to either buying a house or to be accessed when you're close to retirement age.

Also you would do best to avoid letting people know you're into investments. Your friend is going to ask to be spoon-fed and if there's a crash he will blame you for it.
>> No. 9061 Anonymous
2nd January 2022
Sunday 6:35 pm
9061 spacer
>>9060
>Also you would do best to avoid letting people know you're into investments. Your friend is going to ask to be spoon-fed and if there's a crash he will blame you for it.

Excellent advice.
>> No. 9062 Anonymous
5th January 2022
Wednesday 6:38 pm
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Interesting graph. Bitcoin vs Apple.
>> No. 9063 Anonymous
5th January 2022
Wednesday 6:39 pm
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>>9062
Yep, that's two lines alright.
>> No. 9064 Anonymous
5th January 2022
Wednesday 6:41 pm
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>>9062
I think that now banks have got involved with cryptocurrencies, everything is being kept fairly steady and the days of wild fluctuations have largely stopped now.
>> No. 9065 Anonymous
5th January 2022
Wednesday 7:02 pm
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>>9063
Two lines that begin and end at the same point.
>> No. 9066 Anonymous
5th January 2022
Wednesday 7:15 pm
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>>9065
That depends entirely where you start and end the graph. Unless there's something significant about the year start and end?
>> No. 9067 Anonymous
5th January 2022
Wednesday 7:43 pm
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>>9066
>Unless there's something significant about the year start and end?

Yeah, thats how most of us, particularly in the professional market, measure investments.
>> No. 9068 Anonymous
5th January 2022
Wednesday 7:47 pm
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>>9067

Seems entirely arbitrary, unless you're using it as a datapoint in a much larger, decade spanning graph.
>> No. 9069 Anonymous
5th January 2022
Wednesday 7:54 pm
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>>9068
You're hilarious. I guess you're sitting on a lot of BTC.

Annual return is a concept as old as the hills. I invest £100 on January 1st, how much do I have the next January 1st. It's not a difficult concept, but I guess crypto-bro's think this idea can be subverted and are all part of decentralised finance.

I guess HEY YOU'RE GOING TO BE IN LOSS EIGHT MONTHS OUT OF TWELVE isn't as attractive. Nor is just buy Apple, instead.
>> No. 9070 Anonymous
5th January 2022
Wednesday 8:02 pm
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>>9069

I'm still hoping you'll explain why two lines, that repeatedly converge and diverge over the course of a year, happening to converge on two particular dates, is significant.
>> No. 9071 Anonymous
5th January 2022
Wednesday 8:08 pm
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>>9070
Because over the course of the last year, if you had invested in Bitcoin and Apple, you would be at the same point of growth. Only one of them has far less risk than the other. Best article I have read for a while on the subject:
https://inthesetimes.com/article/the-ticking-bomb-of-crypto-fascism

Crypto is just a modern lottery ticket. But whereas lottery tickets only cost you a little at a time, crypto will inflate to the moon and then crash into the gutter in a far more devastating way. The bitterest irony, perhaps, is that while the regular folks flock to crypto because they think it’s a utopian land of opportunity for the little guy to make a buck, it is, in fact, largely controlled by a small cartel of rich investors. Just like everything else.
>> No. 9072 Anonymous
5th January 2022
Wednesday 8:14 pm
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>>9071

If you bought bitcoin then just held it for a year, yes. Same goes for if you held it from early February to late June, that seems no less significant.
I don't think everyone does that, though. Someone paying attention to the price rising and falling could easily have made a fuckload more with bitcoin than that Apple stock.

Here is some text also in italics where I point out I'm not advocating anything at all and the cryptobro you're angry at is in your head.
>> No. 9074 Anonymous
5th January 2022
Wednesday 8:17 pm
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>>9069
You're carrying on as if people in the crypto space haven't been saying move on from Bitcoin for years.
>> No. 9075 Anonymous
5th January 2022
Wednesday 8:19 pm
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>>9072
It's in italics because he's quoting from the article, you great big ponce.
>> No. 9076 Anonymous
5th January 2022
Wednesday 8:26 pm
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>>9075

Page 214 of Bioethics, third edition by Nancy S. Jecker, Professor Nancy S Jecker, Ph.D., Albert R. Jonsen, Robert A. Pearlman:

So what?
>> No. 9077 Anonymous
5th January 2022
Wednesday 10:47 pm
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>>9076
To quote the appendix to Hills and Brooker's seminal treatise on disability:

Your mum
>> No. 9078 Anonymous
5th January 2022
Wednesday 11:19 pm
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>>9077

This whole "able to find quotations to support any argument by searching every book ever" thing is a liability.
Or as Alexi Kaye Campbell, Winner of the Most Promising Playwright, Critics Circle Awards 2008 wrote in his 2009 play -

tits and arse, tits and arse, tits and arse.

Anyway we use the greater-than symbol to quote things, here.
>> No. 9079 Anonymous
6th January 2022
Thursday 1:39 am
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>>9071
>https://inthesetimes.com/article/the-ticking-bomb-of-crypto-fascism

I hate how political bores write like this, his opposite being the gun-toting American 'boomer' talking about the coming collapse. I'm not convinced 'Hamilton Nolan' is even a human being, 90% of it could've been written by an algorithm and been based on any kind of speculative asset, at this point bitcoin is probably even less likely to have a crash than traditional hedges like gold. You throw in some bollocks that alludes to how we're totally living in the Weimar republic, because Americans for some reason really fucking love this analogy these days and just go nuts about whatever you're mad about.

For the record: I don't own any crypto-currency or nft. Not because I'm stupid enough to believe that a world of even proliferating national digital currency and oddly specific cartoon pornography is going to run out of consumption for imaginary meme currencies and the endgame of 'rare pepes', but because I'm naïve enough to believe that buying shares actually funds growth and innovation.
>> No. 9080 Anonymous
6th January 2022
Thursday 2:26 am
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>>9079
All my cryptocurrency investments crashed by 5-10% in the past 24 hours. Does that count as a crash?

Also, I don't want to fund growth and innovation. Every time the government says the economy is doing wonderfully and we all owe them a dick-sucking, I'm never any richer. I want the economy to collapse for everyone but me. Maybe you don't share my furious bitterness, but I would positively ejaculate if all the rich found themselves suddenly much poorer.
>> No. 9081 Anonymous
6th January 2022
Thursday 8:03 pm
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>>9080
Sounds like you might have been hit with this. This aspect of the story makes the whole Kazakhstan situation even more crazy.

https://finance.yahoo.com/news/bitcoin-network-power-slumps-kazakhstan-150508268.html
>> No. 9082 Anonymous
6th January 2022
Thursday 8:10 pm
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>>9081

>second biggest crypto market
>sudden "uprising"

Sounds fishy to me. I wonder if the lads from Langley AFB had anything to do with this.
>> No. 9106 Anonymous
17th January 2022
Monday 9:48 pm
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Helium's going back up.
>> No. 9107 Anonymous
18th January 2022
Tuesday 12:37 pm
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>>9106
I want to believe, but it's dumped a lot of its value since summer last year.
>> No. 9108 Anonymous
18th January 2022
Tuesday 12:46 pm
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>>9107
I think they've recently had some good news in Tanzania. It's above 10p now, hop aboard the helium balloon.
>> No. 9109 Anonymous
18th January 2022
Tuesday 1:38 pm
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>>9108
Not him but I've given it a punt just because I want to branch into Africa. I'm not holding my breath on those anomalies they're hyping up but it could be interesting if there's a suitable payoff.

...I mean, it's great everything is great. Otherlad should put all his money into this and convince friends and family to also invest their life savings in our get-rich-quick scheme.
>> No. 9110 Anonymous
18th January 2022
Tuesday 1:40 pm
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>>9106

I haven't had much luck with basic resource stocks. They tend to be subject to wild commodity market speculation, and especially with obscure low-market cap companies, you can get whiplash from the intense share price fluctuations that they often show. Beside the fact that those companies are often constantly with one foot in the bankruptcy grave.

My money these days is largely in FTSE100 companies, and I've also hedged my bets with select DOW and Nasdaq components, as well as briefly for a bit the DAX40.
>> No. 9111 Anonymous
18th January 2022
Tuesday 1:51 pm
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>>9109
Do it, I sold probably the only sensible stock pick I had (Aalberts NV) to blow it all on African mining shares.
>> No. 9112 Anonymous
18th January 2022
Tuesday 5:14 pm
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Happy about the HE1 here. Shame US tech stocks (Gitlab) are tanking.

I also have some GDR in another account… ouch.
>> No. 9113 Anonymous
18th January 2022
Tuesday 5:20 pm
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>>9112
Oof, I feel for you on the Gitlab one - that's an ugly chart and not quite what I would have expected.
>> No. 9114 Anonymous
18th January 2022
Tuesday 7:09 pm
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Behold! The dumbest investment on the planet!

I heard someone call NFTs Dunning Krugerrands, which is possibly the best thing I've heard so far in crypto.

No, it doesn't deserve its own thread.
>> No. 9115 Anonymous
18th January 2022
Tuesday 7:33 pm
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>>9114
What, did they buy the actual art book or just an NFT of it?
>> No. 9116 Anonymous
18th January 2022
Tuesday 7:36 pm
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>>9115
Apparently they bought the book and thought that meant they also got the copyright for it.
>> No. 9117 Anonymous
18th January 2022
Tuesday 9:18 pm
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>>9116
I, too, like to read clickbait Reddit titles and pass them off as a genuine understanding of events
>> No. 9118 Anonymous
18th January 2022
Tuesday 9:20 pm
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>>9117
I for one don't own a redd ... wait a second, where's the word filter?!
>> No. 9119 Anonymous
18th January 2022
Tuesday 10:36 pm
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>>9117

Could you explain what really happened, then?
>> No. 9120 Anonymous
18th January 2022
Tuesday 10:49 pm
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>>9117
https://dune.foundation

No - they're bonkers and don't know what the fuck they're talking about. They've bought a single copy of a rare book and now believe they own any/all rights to it.
>> No. 9121 Anonymous
18th January 2022
Tuesday 11:11 pm
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>>9120

I don't doubt they're fucking mental, but the way they're wording things sounds like they're well aware they don't own any rights, but seem to still want to try and distribute it anyway, which perhaps is even sillier than simply misunderstanding the purchase.

>Spice DAO's initial crowdraise is towards funding the purchase of the manuscript. Following a successful bid, the DAO may collectively explore options to digitize the manuscript for posterity and pursue projects to increase awareness of the manuscript and make its contents accessible to the public to the extent permitted by law.
>> No. 9122 Anonymous
18th January 2022
Tuesday 11:14 pm
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>>9121
>to the extent permitted by law.

This phrase is doing a lot of heavy lifting, and was clearly added after some advice; it still won't wash - they don't have any of the reproduction rights they're claiming. It's actually hilarious. They have 30 days to settle the bill with Christies, I will be utterly amazed if they actually pay it.
>> No. 9123 Anonymous
18th January 2022
Tuesday 11:35 pm
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>>9120
I don't believe your link supports that at all. If they believed they owned the copyright, they'd not repeatedly point out that their stated goals are limited by [copyright] law. For if they did, there'd be no limits on redistribution and adaptation.

Now if you want to claim the project has been purposefully vague about their exact plans and potentially left backers with the impression that they can achieve more than they legally can... sure? One way they can achieve their stated aim of making the work accessible to the public while following copyright law is by exhibiting it.

Either way they seem set to siphon off hundreds of thousands of dollars in salary with the DAO's approval and I think your painting of them as know-nothing fools only cements the conditions they need to operate in this space.
>> No. 9124 Anonymous
19th January 2022
Wednesday 12:03 am
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>>9123
>only cements the conditions they need

Definitely agree with this point. All of the purveyors of NFTs know exactly what they're doing.
>> No. 9126 Anonymous
19th January 2022
Wednesday 10:44 am
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I'm telling you lads, helium is going up.
>> No. 9127 Anonymous
19th January 2022
Wednesday 3:31 pm
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>>9126

It's all just hot air.
>> No. 9128 Anonymous
19th January 2022
Wednesday 3:33 pm
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Are financial advisors worth employing, if you're relatively young (30) and with not much to invest (40k)?

I've got all my debts paid, emergency funds sorted but fuck me I'm confused. Is Vanguard worth doing? I was told they have high fees. I was thinking of a pretty risky strategy given the 110-minus your age 'rule'. But I'd like to set and forget.
>> No. 9129 Anonymous
19th January 2022
Wednesday 3:59 pm
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>>9128
In all honesty, with that amount to invest it's likely you would struggle to find an adviser willing to take you on.

I am an IFA, so feel free to ask away. If someone told you that Vanguard have high fees then I think they've got the wrong end of the stick.

To start with, do you know what you'd like this money to be ultimately used for? What exactly does "a pretty risk strategy" mean to you, as risk means different things to different people?
>> No. 9131 Anonymous
19th January 2022
Wednesday 4:45 pm
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>>9129
Thanks IFAlad.

>struggle to find an adviser

To be honest I thought so too, I just assumed there was some kind of professional out there that can help plebs like me.

>money to be used for?

I have 2 goals. A retirement egg and likely a 1st time property. Maybe I'd like to take some out in 5-10 years for something fun.

>A house
I am paying my 4k per year into a LISA, my partner is also. That said, very unsure whether or not to get on the ladder in general. We probably will just feels mental atm.

>10 year thing
I suppose a part of me wants to be childish and do something fun in 5-10 years, see some rewards. Put some towards a car or something. I know 5-10 in the markets isn't very long, but its a bit depressing thinking of putting this money away to spend when I'm nearly dead. So the flexibility would be nice.

>what is risk to me
In the vanguard sense I thought their lifestrategy 80% equity fund would be sensible. That is the 4th riskiest of the 5 they offer. But I see all this doom talk about bonds, so not sure even 20% is worth, maybe even I'd go 100%.

I'd be appreciative if any of you lads had any good books on investing I can read as well. I'm very aware of the proverb that a little knowledge is a dangerous thing and want to avoid.
>> No. 9132 Anonymous
19th January 2022
Wednesday 5:20 pm
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>>9131
Don't get me wrong, there are probably advisers out there who can help you but demand far outstrips supply so it's far more profitable to deal with the high value stuff. Most advisers aim to build up their funds under management to maximise their ongoing fees.

What I'm always up front to my clients about is that the biggest ways I can increase their wealth is either for them to invest more of it or to increase the level of risk they are taking. Fees and funds are important, but asset allocation is the biggest driver of returns; over the long-term you should have higher returns the more you have in equities compared with the other main investment asset classes.

How much is in your pension pot at the minute? Have you reviewed the funds held? Have you looked into whether your employer will match if you make further contributions or if they offer salary sacrifice?
>> No. 9133 Anonymous
19th January 2022
Wednesday 5:56 pm
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>>9132
Also, aren't bonds much less risky than shares on the whole, and much less likely to make you rich as a result? I'm not the same guy, although I also have 40 grand and I thought that was loads.
>> No. 9134 Anonymous
19th January 2022
Wednesday 6:28 pm
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>>9133
At the risk of teaching grandma to suck eggs, a bond is buying debt. You're buying debt either off a government or a company with the expectation that they'll pay you back plus interest. Obviously the more risky and less creditworthy an institution is, the higher the rate of interest they'll have to pay to service that debt.

Bonds are a diversifier and you're spreading risk at the potential cost of lower returns over the long-term, but there's a wide range of bonds you can hold within that asset class. High yield bonds are most closely correlated with equities. Inflation linked gilts are all over the place, like a madman's shithouse.
>> No. 9135 Anonymous
19th January 2022
Wednesday 9:51 pm
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>>9133
With interest rates so low, bond returns have been low for a while; they're not risk free at all, but are a useful way to diversify. Often bonds perform the opposite to equities, and in line with interest rate rises, so while they haven't made a lot recently, with inflation and interest rate rises coming they might be useful. That said, I don't own any.
>> No. 9137 Anonymous
20th January 2022
Thursday 8:42 am
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>>9135
There's actually an inverse relationship between the market value of bonds and interest rates. If interest rates go up bond funds should go down.

A bond cannot control the monetary amount of the interest payments, so the main way of influencing the running yield is for the market value of the security to change. Let's say you have a bond with a market value of £10,000 paying an annual interest of £2,000, i.e. 2%, and interest rates rise to 4%. The bond is less attractive to what you could be able to get elsewhere, so the way to increase the £2,000 interest payments to this 4% is to halve the value of the bond to £5,000. That's an oversimplification, but bond funds in particular are vulnerable to periods of rising interest rates.
>> No. 9138 Anonymous
20th January 2022
Thursday 8:57 am
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What can I put my modest 6-7 grand of savings in to make sure the impending Weimar Republic levels of hyperinflation don't render it worthless?

I've already accepted my Help to Buy ISA account is probably sunk cost, at this rate.
>> No. 9139 Anonymous
20th January 2022
Thursday 9:13 am
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>>9138
First off, you need not to lose your head about inflation. It's most likely to be a short, sharp shock due to supply chain issues that should eventually resolve themselves.

Secondly, it depends entirely on the purpose of the money and when it'll be needed. Have you looked into whether you'd be better with a LISA rather than a H2BISA?
>> No. 9140 Anonymous
20th January 2022
Thursday 10:58 pm
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>>9139

Well the savings are intended as more of an emergency slush fund and/or buffer to cover all the fees and bullshit when I eventually buy property. So I hope to keep them accessible. I'm exaggerating slightly at the inflation, but if I'm honest I'm not entirely convinced it will go back to normal any time soon, we live in strange times.

As for the ISA, I took it because it was what everyone recommended at the time, but I have about as much in it as the savings (I've been putting 200 in each every month for the past two and a bit years, more when I can) but they have since gone and changed the terns to give fuck all interest. I just figure that if I've come this far with it, I may as well stick it out to get the maximum bonus at the end.
>> No. 9141 Anonymous
21st January 2022
Friday 8:31 am
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>>9140
You can put £4k a year into a Lifetime ISA, so you could put the full ~£6k into one either side of the end of the tax year.

The H2BISA has a maximum amount you can contribute of £12k and it has to be used to buy a house by 2030 or you lose the chance to claim the bonus. The LISA can also be used to buy higher value properties outside of London.
>> No. 9142 Anonymous
21st January 2022
Friday 8:53 am
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>>9141

I should be reaching the limit by some time in 2024, and ha, London. No, I'm up North, which is the reason I have all this savings despite being a below average earning peasant.

But that's also why I feel protective over this money, because unlike for some people, if unavoidable economic misfortune wipes my meagre worth out, I won't be able to make it back in a hurry.

Secondary question, I can't be arsed to search for the threads about home ownership. How much of a decent idea is it to buy a council flat, if you live in one, hypothetically speaking?

Let's say I do live in one, my some miracle of fate, and the right to buy still exists (does it?), then I plan on finding myself a well off bird with a degree to move into a house with, and then I can rent the flat to students at inflated rates and become everything I once hated (except it's morally okay because fuck students).
>> No. 9143 Anonymous
21st January 2022
Friday 8:30 pm
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>>9124
>All of the purveyors of NFTs know exactly what they're doing.

I don't know about that. Apparently NFT makers getting mad about people using right-click is a thing.
>> No. 9146 Anonymous
21st January 2022
Friday 11:12 pm
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>>9143
Which is completely fair enough when the feature you're talking about has the sole purpose of showing off whichever stupid NFT you own.
>> No. 9157 Anonymous
28th January 2022
Friday 10:01 am
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Have you lads stuck with tech or have you shifted into more inflation-proofed stocks, like energy companies?
>> No. 9158 Anonymous
28th January 2022
Friday 10:19 am
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>>9157
I've put more into tech, I don't think we're done.

Saying that I was very tempted to do a power move into Enwell Energy which runs gas fields close to the Ukrainian border with Russia and where the Ukrainian government recently imposed temporary price controls but I'm not sure that my heart could take it.
>> No. 9159 Anonymous
28th January 2022
Friday 10:25 am
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>>9158
My next move is going to be putting money into Gitlab, just because it's tanked for you lot.
>> No. 9160 Anonymous
28th January 2022
Friday 5:53 pm
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>>9159

I’m gitlab lad and I regret my purchase. This is my gambling account though and in my “normal” account I have much less bias to US growth (which I think will have a terrible next 5 years). I might be tempted by Scottish mortgage after a year or two though, once we have hit the bottom.
>> No. 9161 Anonymous
28th January 2022
Friday 7:29 pm
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>>9160
The US government keeps pumping money into its economy, though. According to that BBC documentary, this means that the price of anything banks buy, such as houses or, ooh, hey, shares, will go up disproportionately. They're going to have a lot of inflation too, so even if the value of an American share stays level, it'll be worth more dollars and that might be a good thing, although I don't really get economics on the whole.
>> No. 9162 Anonymous
28th January 2022
Friday 8:57 pm
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>>9161
>The US government keeps pumping money into its economy, though.

The fall that's being going on this year is largely because the Fed have indicated they're going to raise interest rates and reverse QE faster than had been anticipated.
>> No. 9163 Anonymous
29th January 2022
Saturday 1:15 am
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>>9158
Fuck it. Come Monday I'm putting my balls on the table with a bet on Enwell and Ferrexpo which have their operations east of the Dnieper. Should war come I'll be quite stuffed but if not I might make a small profit.
>> No. 9164 Anonymous
29th January 2022
Saturday 8:42 am
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>>9160

Serves you right for investing in something that sounds like an extinct Central American Civilisation. Ha!
>> No. 9165 Anonymous
30th January 2022
Sunday 7:28 pm
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Lads, I'm currently thinking of moving my stocks and shares from one account to another and doing some rebalancing. The thing is that we're likely due a bounce at some point and as I'm moving large sums that could therefore present a big dent.

What do you reckon: Get it all done ASAP, do a manage shift of maybe an investment a day or hold until greener days?
>> No. 9166 Anonymous
30th January 2022
Sunday 8:09 pm
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>>9165
Can you do an in specie transfer?
>> No. 9167 Anonymous
30th January 2022
Sunday 8:18 pm
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>>9166
No HL are still being cunts about it so I'd need to sell, get cash and then transfer cash to buy.
>> No. 9168 Anonymous
14th February 2022
Monday 11:40 am
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I'm going to lose a lot of money today. I will probably lose even more tomorrow.
>> No. 9169 Anonymous
14th February 2022
Monday 12:23 pm
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>>9168
You've been following wallstreetbets, haven't you?
>> No. 9170 Anonymous
14th February 2022
Monday 3:48 pm
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>>9169
No, instead I have made the mistake of owning stocks in 2022.
>> No. 9189 Anonymous
22nd February 2022
Tuesday 11:09 am
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HL shares are down to their lowest in about seven years off the back of reduced inflows and an announcement to spend about £175m updating their tech and creating some form of robo-advice proposition.

Worth a punt? I've always found AJ Bell to be a lot better than HL from an investor point of view, but they're probably far less profitable.
>> No. 9190 Anonymous
22nd February 2022
Tuesday 11:18 am
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>>9189

Not for me. The COVID trading boom has busted and a few years of war and inflation is not going to help bring it back.
>> No. 9191 Anonymous
22nd February 2022
Tuesday 11:26 am
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>>9190
The HL share price was about £19.50 at the start of 2020 and it's not reached that point since; it bottomed out at around £12.77 and the highest it's been since then was £18.65 in August 2020. Overall peak was £24.19 in May 2019.

I think it's more a case of them trying to maximise profitability on what they already have rather than trying to significantly increase inflows. Obviously disposable income is falling for many, but loads of stocks will be affected by that.
>> No. 9193 Anonymous
3rd March 2022
Thursday 2:15 pm
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HL keeps dropping. It's now fallen by over a third in a year.
>> No. 9194 Anonymous
3rd March 2022
Thursday 4:31 pm
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>>9112
Have you already made £425 from switching your bank account between Nationwide, HSBC and Natwest? That's probably more than you'll likely make from shares. I think you can get another £140 on top by hopping over to Santander too.
>> No. 9195 Anonymous
3rd March 2022
Thursday 8:01 pm
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>>9194
Say I was with Natwest and wanted to make the most of this but perhaps want to go back to Natwest, where would I find out what to do?
>> No. 9196 Anonymous
8th March 2022
Tuesday 4:32 pm
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Made 10% shorting oil in within a few minutes when it was bouncing around 124.5

Then I read some more articles and got scared that this is a potentially long term thing and my underlying assumption that oil will keep going down over time is unfounded if it jumps up to 150 or something. If Russia packed in it tomorrow would things crash again? Is the damage done now that the USA and UK have jumped on?
>> No. 9197 Anonymous
8th March 2022
Tuesday 9:44 pm
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I briefly considered going long on RUB/GBP last night after yesterday's 30-percent drop, but you really need to have a death wish to trade that currency pair right now as a retail investor. Any more shenanigans from Putin, and you're looking at another 20 to 30 percent slump from one day to the next.
>> No. 9198 Anonymous
9th March 2022
Wednesday 5:02 pm
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>>9197

Should've gone for it. The Ruble is up another 16 percent today against the Pound.

Still a junk bet.
>> No. 9199 Anonymous
9th March 2022
Wednesday 5:05 pm
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>>9197
Can I literally walk into a currency exchange and buy rubles?
>> No. 9200 Anonymous
9th March 2022
Wednesday 5:12 pm
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>>9199
You can, but it'll depend on whether or not they have any in stock and you'll get absolutely shit rates because the buy/sell spread will be ridiculous given they know it's collapsing.
>> No. 9201 Anonymous
9th March 2022
Wednesday 9:34 pm
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>>9199

Pretty much what >>9200 lad said.

For everything else, you can trade currency pairs on forex. Except it's massively risky as a retail investor, and I've only done it two or three times, making a killing the first time when I correctly guessed a rise in the U.S. Dollar, then getting tepid gains on EUR/GBP, before losing most of it again betting against the Dollar again.

Forex really isn't a way to get rich quick, despite all the volatility. Most people like you and me will only lose money in the long run.
>> No. 9202 Anonymous
10th March 2022
Thursday 1:16 am
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What's the easiest thing to do with five-digit sums of money in the face of rising inflation? All my money will be worth less if I just leave it in the bank as money. About a third of what I have is already shares in the FTSE 100 and FTSE 250, and surely if inflation keeps going up, then the price of assets such as shares will go up accordingly and I can just leave an extra £20,000 there until I can finally buy a house with it. But people keep saying that bonds are better than shares. However, they pay back less in terms of interest and general return on investment. I guess I could get another 5-10 grand in bonds and then some more shares in another country, but obviously I would like to maximise the Literally Free Money™ that I can get from these, and shares sound like a better idea than bonds from that perspective.
>> No. 9203 Anonymous
10th March 2022
Thursday 9:54 am
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>>9202
Stick with that you're doing. Don't try and chop and change what you're up to because you're concerned by inflation.

You've got to remember that a) expectations around inflation are already priced in and b) rising inflation (and interest rates) are the main reason behind markets falling this year. I wouldn't go anywhere near bonds.

You've missed the bounce on renewables, so you might want to consider REITs if you want to diversify. I'm planning on taking a punt on Oatly.
>> No. 9204 Anonymous
11th March 2022
Friday 2:49 pm
9204 spacer
Bollocks. I've just deposited £100 on T212 with the intention of investing it all in Oatly but it's not even on there.

What should I take a punt on instead? Beyond Meat? I'm already heavy in tech and mining so I want to stay clear of those. This is pure punt money, I'm not looking for steady growth.
>> No. 9205 Anonymous
11th March 2022
Friday 4:07 pm
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>>9202
>But people keep saying that bonds are better than shares

How are you posting here from the 1970s?

Anyway, keep the trackers and if you want to move then move into bluechips - DE, KO etc. The environment is tough at the moment and it's going to get tougher as fiscal policy tightens. I'm betting on American rednecks and it's not going terribly.

>>9204
VORB
https://www.space.com/virgin-orbit-1st-orbital-launch-uk-summer-2022
>> No. 9206 Anonymous
11th March 2022
Friday 4:25 pm
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>>9205
I've decided on IAG, seeing as airlines are still well below their pre-pandemic levels. 70 shares at £1.35.
>> No. 9207 Anonymous
11th March 2022
Friday 5:26 pm
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>>9206
What is it with you lot and airplanes, are trains not good enough for you?

I'm frankly surprised you have any punting money left, didn't you get caught in buying the earlier "dip"s?
>> No. 9208 Anonymous
11th March 2022
Friday 5:48 pm
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>>9207
This is the first time I've deposited money for a while. I know how to pick winners.
>> No. 9209 Anonymous
11th March 2022
Friday 9:59 pm
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>>9207

We all secretly wish we were pilots. They're the very apex of the nerd community.
>> No. 9210 Anonymous
11th March 2022
Friday 11:34 pm
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>>9208


https://www.youtube.com/watch?v=b1pom5QbJiU
>> No. 9211 Anonymous
12th March 2022
Saturday 2:15 am
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>>9210
I'm not sure "buy low, sell high" really works. We don't really make good decisions in the depths of depression nor after several hits off the bong.
>> No. 9212 Anonymous
12th March 2022
Saturday 10:14 am
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>>9211

If you are expecting to make quick money with a buy low-sell high strategy, then most of the time it won't work in the short term. In the time frame of daytrading or even short-term investing, it is pretty much impossible to tell if you're at a high or a low or even somewhere in between. More often than not, you'll either buy near the high because you will be fooled by a stock's recent upside performance, which will then soon end just as you click the Buy button, or you mistake a sudden dip in a bullish stock for a buying opportunity when it's really the beginning of a robust downward trend. And then when it's really time to buy a stock because it received a hammering, you'll either be out of liquidity or you'll just be too scared to throw good money after what you think has proven to be bad money.

Most people who make reasonable consistent profits in the stock market only do so because they take the long-term view and don't follow short-term trends but take market corrections as an opportunity to buy shares that they will hold for longer periods of time. They also look more at a company's fundamentals and the economic climate and don't bother much with chart patterns. Chart patterns are another way the market fools gullible investors, because not only are a lot of them chronically unreliable, but in the age of trading algorithms, bullish chart patterns can be actively created by trading computers to set a trap for investors who believe in them.
>> No. 9213 Anonymous
12th March 2022
Saturday 10:28 am
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>>9212
Whoosh.
>> No. 9214 Anonymous
12th March 2022
Saturday 11:30 am
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>>9212

Did you really not bother to read the entire post? It's a single line. Two sentences. 27 words, yet you could contain your urge to reply past word 9.
>> No. 9215 Anonymous
12th March 2022
Saturday 2:52 pm
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>>9213
>>9214
I'm not him, but I agree with him and he made some worthwhile points. Did you bother to read those? Just because a post ends in a joke, it doesn't mean the bits leading up to that joke cannot be taken seriously. What has four legs and goes "ssshhhh"? Rod Hull's telly.
>> No. 9221 Anonymous
3rd April 2022
Sunday 8:38 am
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These guys seem cool but not sure if you get a ROI

https://shareaction.org/
>> No. 9222 Anonymous
3rd April 2022
Sunday 8:54 am
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>>9221
Seems more like a pressure group than something you invest in.
>> No. 9241 Anonymous
21st April 2022
Thursday 7:23 am
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Take advantage of the Netflix dip or will it keep going down?
>> No. 9242 Anonymous
21st April 2022
Thursday 11:41 am
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>>9241
Maybe Elon will get involved.
>> No. 9243 Anonymous
21st April 2022
Thursday 11:43 am
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>>9241
Bill Ackman who bought £1.1bn shares just sold at a £300m loss, so he clearly thinks so.
>> No. 9244 Anonymous
21st April 2022
Thursday 11:52 am
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>>9243
Makes me feel a bit less bad about my BlackBerry holding.
>> No. 9245 Anonymous
21st April 2022
Thursday 1:00 pm
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>>9241

The moment of the real bet has passed.

Somebody posted pic related on reddit, who apparently bought $5,000 worth of CFDs going short on Netflix right before the stock plunged, and turned a 20-fold profit.

That, or they're reasonably good with Photoshop.
>> No. 9428 Anonymous
19th May 2022
Thursday 11:43 am
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I just bought some stock and the price immediately went up by 10%. The price had been stable prior to this for days. The value of my investment has gone down by 10%. I don't understand.
>> No. 9429 Anonymous
19th May 2022
Thursday 12:03 pm
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How is any of this shit different to gambling? Isn't it easier to just put it on an accy?
>> No. 9430 Anonymous
19th May 2022
Thursday 12:57 pm
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>>9429

Investing in the stock market or many other assets is one of the most sophisticated forms of gambling, but fundamentally, pared back to the essentials, much of it is no different from roulette.

Except with roulette, you won't hear analysts telling you that black has had a good run and is still bound to come up equally frequent as on the last ten spins. Or that you should bet on red because the rally on black is in its final throes. Or that even numbers are going to be the winning ticket because the professional players at the table have started putting their money on them.

In the end, you always bet that you'll make more of your money. The main caveat is certainly that this only tends to holds true for short-term investing; with a few spectacular exceptions, holding stocks for the long term greatly increases your likelihood of turning a profit.
>> No. 9431 Anonymous
24th May 2022
Tuesday 10:54 pm
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I'm told I might be inheriting around 200k after tax. I don't want to buy a property and I'm not into gambling. How can I use it to generate a small, reliable income supplement?
>> No. 9432 Anonymous
24th May 2022
Tuesday 10:58 pm
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>>9431
I'll tell you in the morning. I'm off to bed now.

In the meantime, tell us how definite this 'might' is and more about your current position and where you're heading.
>> No. 9433 Anonymous
25th May 2022
Wednesday 12:25 am
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>>9430
Hang on, this belies how a company with solid fundamentals will very likely grow or remain stable, nor that you can use an understanding of macroeconomic trends to identify good opportunities. It's still probabilities like anything else but if you do as I tell you and invest in SSAB you'll have a Nordic champion with a solid dividend of 9.25%.

Stocks are a spectrum between low-risk investing and high-risk gambling that are driven by a mixture of real world activities and sentiment.

>>9431
>small

Stick it in one of those credit unions
>> No. 9434 Anonymous
25th May 2022
Wednesday 9:08 am
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>>9432

Subject to family bickering.

>>9433

Like what?
>> No. 9435 Anonymous
25th May 2022
Wednesday 10:21 am
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>>9434
>Subject to family bickering.

Instruct a solictor. Do not discuss the inheritance with any other potential claimant AT ALL except through written letters that have been sent by your solicitor.
>> No. 9436 Anonymous
25th May 2022
Wednesday 10:44 am
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>>9435

It's in a trust, not subject to normal inheritance laws.
>> No. 9437 Anonymous
25th May 2022
Wednesday 11:12 am
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>>9436
Do you know what the trust is holding it in? Investment bonds are most commonly used for trusts because they're non-income producing assets while held, but there's potential income tax charges on the gains.
>> No. 9438 Anonymous
25th May 2022
Wednesday 3:51 pm
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>>9435
Forgive me, I'm not clear whether the "bickering family" are trustees or beneficiaries.

In either case the advice to get a solicitor stands.

Whoever you are, whatever you are, never discuss inheritance with family, especially before it's all been definitively settled. Trust or no trust there will still be an automatic right for certain claimants to sue and then a further right for them to appeal and suddenly bankrupt you even if you win at first. I have seen people far wealthier than anyone likely to post here gleefully destroy their relationships with their nearest and dearest for a lot less than 200 grand.
>> No. 9439 Anonymous
26th May 2022
Thursday 2:31 pm
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>>9438

How do I get a solicitor if I don't have any capital to speak of at the moment? Where do I look for one?
>> No. 9440 Anonymous
27th May 2022
Friday 9:50 am
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>>9439
>How do I get a solicitor if I don't have any capital to speak of at the moment?
>> No. 9441 Anonymous
30th May 2022
Monday 3:55 pm
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Why is it that when I invest in a cheap tracker for a particular index it will always have around 2-5% geographically based outside the market? It seems an odd standard when geolocation tags in investment are typically done by where the company is listing rather than where it has operations. I feel like I'm in too deep to question this but going by have pervasive it has become I can't help but feel there's some funny business going on.

For example this has a small percentage invested in places as diverse as the US, Israel and China:
https://www.hl.co.uk/funds/fund-discounts,-prices--and--factsheets/search-results/h/hsbc-ftse-250-index-class-s-accumulation
>> No. 9442 Anonymous
30th May 2022
Monday 4:09 pm
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>>9441
Is it the investment trusts? The FTSE 250 Index includes in its constituent members, amongst others, the Baillie Gifford Japan Trust plc and the Baillie Gifford US Growth Trust plc, so they'd have a fair bit of overseas exposure.
>> No. 9443 Anonymous
30th May 2022
Monday 4:19 pm
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>>9441

That tracker is simply composed of the companies in the FTSE 250 index; that is to say the 101st to 350th most valuable companies whose shares are traded on the London Stock Exchange. You don't have to be a British-headquartered company to be listed on the LSE. Some of those foreign companies will be effectively British-based but with a tax headquarters in an offshore tax haven, some will have strong ties to the UK, some will be multinationals with no base in any international financial centre.

Strange as it might seem, a significant number of FTSE 250 companies are themselves investment trusts. For example, Templeton Emerging Markets Investment Trust (LSE:TEM) is based in London, but their sole business is investing in companies in emerging markets like Mexico, India and China.

It's not funny business per se, just the weird nature of modern capitalism.
>> No. 9444 Anonymous
30th May 2022
Monday 6:10 pm
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>>9442
>>9443
Investment Trusts might be a good guess but compare this with L&G's midcap index which explicitly excludes them that doesn't quite iron out the full disturbances and it's second largest holding is a real estate investment trust!
https://www.hl.co.uk/funds/fund-discounts,-prices--and--factsheets/search-results/l/legal-and-general-uk-mid-cap-index-class-c-accumulation/fund-analysis/geographical-analysis

How deep does the rabbit hole go? Do I need to consider a new investment platform?
>> No. 9445 Anonymous
30th May 2022
Monday 6:41 pm
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>>9444

Looking at the portfolio statement, most of it has a reasonable explanation. Greencore is headquartered in Ireland, but do most of their business in the UK. Likewise with TUI, who are based in Germany but operate across Europe with a strong bias to the UK. XP Power are managed from the UK, but have offices around the world with a major customer service centre in Singapore. 888, Playtech and Plus500 are functionally based in the UK, but registered abroad for the purposes of their gambling license. The rest are obviously UK-based companies who are headquartered offshore solely for tax purposes.

The broader point is that the idea of a "British company" is practically meaningless in 2022. Any company of a significant size is likely to be multinational to some extent, which is precisely why they're so hard to tax. We live in a globalised economy and successful businesses will inevitably straddle borders.

The fund excludes investment trusts, but not REITs.

https://www.fundslibrary.co.uk/FundsLibrary.dataretrieval/Documents.aspx/?type=packet_fund_doc_reports_and_accounts&id=0879b8ab-5c23-46bd-8e0f-0c45a81d5734&user=e%2fhRLyt%2f8mU3A2tuKwevW%2fJBLZwOemItAe1g%2btO3u%2bl9y10stlRcofwI3oNFzUpm&r=1
>> No. 9450 Anonymous
10th June 2022
Friday 3:46 pm
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I've decided to sell all my non-mining punts at a loss to double down on IAG seeing as all our airports are fucked, just over 100 shares bought at £1.2094.

I was on a call earlier this week which suggested investing in things like music royalties as a diversifier. They also suggested going overweight on the UK and taking a punt on the metaverse.
>> No. 9451 Anonymous
10th June 2022
Friday 3:58 pm
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>>9450
Stfu nerd.
>> No. 9452 Anonymous
10th June 2022
Friday 5:32 pm
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>>9451
No u.
>> No. 9453 Anonymous
10th June 2022
Friday 6:57 pm
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>>9450
I don't understand. Are you expecting some rebirth of holidays to Spain this summer?

>I was on a call earlier this week which suggested investing in things like music royalties as a diversifier. They also suggested going overweight on the UK and taking a punt on the metaverse.

Music royalties is a fad motivated by the recent sell off of artist rights and Metaverse is about 20 years too soon. I would agree that UK is underappreciated at the moment, especially on the small-micro-nanocap scale which has only been gently in burning all my money but would add Japan small-midcap as a decent bet.
>> No. 9454 Anonymous
10th June 2022
Friday 7:38 pm
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>>9450
>royalties

I don't know about music royalties (although there are tons on this site I am about to link to) - what you really want are Listerine royalties....

https://auctions.royaltyexchange.com/orderbook/asset-detail/4580
>> No. 9455 Anonymous
10th June 2022
Friday 8:05 pm
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>>9453
The news about the queues at the airports has caused a fall in the value of airlines and these drops tend to be exaggerated. IAG is around a quarter of its pre-pandemic share price and even something much better run like Jet2 has almost halved. Seems like a good buying opportunity to me.

>>9454
The one that was specifically mentioned was the Round Hill Music Royalty fund, but they said it'd be better to find an alternative assets fund holding this rather than having direct exposure to it.
>> No. 9456 Anonymous
10th June 2022
Friday 8:33 pm
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>>9455
> IAG is around a quarter of its pre-pandemic share price and even something much better run like Jet2 has almost halved.

I think airlines are a good buying opportunity right now - the other one tangentially in the sector which has been hammered but seems good value is Rolls Royce.
>> No. 9457 Anonymous
10th June 2022
Friday 11:52 pm
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>>9455

Jet2 is definitely a good shout, they are in a much better position for growth than any similar operator as they are almost entirely self handling - most airlines rely on third party baggage, check in, and ground ops agencies, and that, coupled with increasingly shallow flight crew rosters, is what's causing delays and cancellations.

As you say all airlines are underpriced right now, but Jet2 are in a much stronger position than anyone relying on third party services right now. Additionally, similar operators like TUI and Easyjet are cancelling flights due to simply not having the pilots and cabin crew - Jet2 haven't cancelled anything yet, so it would appear they have plenty of crew to spare.
>> No. 9461 Anonymous
13th June 2022
Monday 9:22 pm
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S&P500 is now in a bear market and what was supposedly my absolutely secure office is now talking about redundancies.
>> No. 9463 Anonymous
14th June 2022
Tuesday 10:35 am
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https://www.cnbc.com/2022/06/13/crypto-lender-celsius-pauses-withdrawals-bitcoin-slides.html

>Celsius, a controversial cryptocurrency lending platform, said Monday it was pausing all withdrawals, causing more pain in the fragile crypto market.

>Celsius is one of the largest players in the nascent crypto lending space, with more than $8 billion lent out to clients and almost $12 billion in assets under management as of May. The group, which offers users higher-than-average interest rates on their deposits, is essentially the crypto equivalent of a bank — but without the strict insurance requirements faced by traditional lenders.


What could have gone wrong.
>> No. 9464 Anonymous
14th June 2022
Tuesday 5:18 pm
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>>9463
I've mixed feelings, because cryptoheads are the most short-sighted, obnoxious, selfish cretins humanity has ever produced and an angel gets it's wings every time one these bozzos loses their wallet's password or has an NFT collection pinched. But then most of the people actually losing out are just poor saps who've been ground down by fifteen-years of the entire socio-economic system telling them eat shit and die, so of course they want to believe there's a way to trick that system into becoming a money printer.

Just ban this nonsense. The powers that be never will, because the real profiteers from this behavior are the exact same class of bastards who were mugging people off the old fashioned ways, but I fail to see a better solution to this hyper-predatory filth.
>> No. 9465 Anonymous
14th June 2022
Tuesday 5:43 pm
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>>9464

It's no accident that cryptocurrencies were both invented and became a force to be reckoned with during an unprecedented period of cheap money and negative interest. In the absence of risk-free or at least very low-risk investment alternatives, it was all silly buggers in the financial markets. Look at what's happening with all those iffy tech stocks in the Nasdaq now that monetary policy is being tightened, and just very mildly so far.

When you talk to people trading in bitcoin and other pretend currencies, first of all, it's like a religion to them. They're like Apple customers on meth. They will tell you this, that and the other why cryptocurrencies are the new paradigm, although few of them actually have much of a clue what they're doing.

What they won't tell you, and that's the other thing, is that volatility isn't a retail investor's friend. It never was, and never will be. It's all well and good that Bitcoin has had periods where it went up tenfold in a relatively short space of time, but it has also gone through portfolio-nuking crashes repeatedly where it went down 80 percent from a high. And because retail investors as a general rule don't get into an asset when there's abject panic but when euphoria is at its peak, their portfolio performance tends to be pretty shit. And even more so when something like a cryptocurrency gets three quarters of its value wiped out from the point where you got in.

It may not be obvious to a lot of investors yet, but I think that crypto very generally will die out. Or it will see drastic outflows of investor money and become even more a playground of trading algorithms which already make up 80 percent of daily trading volume. As gold rushes go, this is another one that will not last when there's going to be some serious money to be earned again just by letting your money collect interest all on its own. It's just another bubble that's about to burst.
>> No. 9466 Anonymous
14th June 2022
Tuesday 5:53 pm
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>>9465
It crashes every so often. Apparently the cryptocurrency apocalypse of 2018 was a crash of 80%, and then it went up again to even higher numbers. Then it crashed by 60% last year, and I invested £3000 just before then, so I'd like to avoid cashing that out if I can. The recent crash is another 60% one, which is why I'd like to not be in a situation where I need that money until the value has skyrocketed again. Every doomsayer, every time before, has been wrong so far, so even though I freely admit I have no use for cryptocurrency as a product, I've always just treated it as an investment. I can't see why it'll go up again, but I couldn't before either and it always did.
>> No. 9467 Anonymous
17th June 2022
Friday 4:07 pm
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Just saw this on CNBC.

Those poor men. Somebody needs to help them.
>> No. 9468 Anonymous
17th June 2022
Friday 7:35 pm
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>>9466
>Every doomsayer, every time before, has been wrong so far

Comedy gold. Also, buy into my Comedy Gold ($HAHA) because my new Lambo isn't going to buy itself.
>> No. 9469 Anonymous
17th June 2022
Friday 8:26 pm
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>>9468

He's not wrong though.
>> No. 9470 Anonymous
18th June 2022
Saturday 12:44 am
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>>9469
If you ignore literally everything the "doomsayers" got right, sure.
>> No. 9471 Anonymous
18th June 2022
Saturday 12:46 am
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>>9468

#HODL.
>> No. 9472 Anonymous
18th June 2022
Saturday 2:59 pm
9472 spacer
https://www.theguardian.com/technology/2022/jun/18/cryptocurrency-collapse-bitcoin-kim-kardashian-floyd-mayweather

>Given the millions poured into promoting crypto – often with celebrity endorsements – legal action after the crash was inevitable. Class-action lawsuits are already in the works. Kim Kardashian and the boxer Floyd “Money” Mayweather Jr are being sued for alleged false statements promoting the minor cryptocurrency EthereumMax.


Shocker.

I posit that nearly all minor and also-ran cryptocurrencies, both fraudulent and not, will be wiped out and cease to exist. Bitcoin and others of similar magnitude may have a chance in the future, but as I've said before, the crypto market would have been unimaginable without more than decade-long quantitative easing by nearly all the world's central banks. The current crash in the crypto market isn't simply the result of market fluctuations, it's due to a massive outpour of institutional money from crypto as an asset class in its entirety. The fact that they started investing in crypto on an unprecedented scale is almost the whole reason that it climbed from $5,000 in March 2020 to $64,000 last November.

It could be that there will be another Bitcoin bull market in the future. Who knows. But unless unforeseen events cause central banks to shelve their current QT plans again, I think we're in not just for a crypto winter but a crypto ice age. In any case, the big party is over.
>> No. 9473 Anonymous
18th June 2022
Saturday 3:12 pm
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>>9466

>Every doomsayer, every time before, has been wrong so far

Tell that to everyone who bought $LUNC. $116 in April, $0.00005 today.
>> No. 9474 Anonymous
18th June 2022
Saturday 3:31 pm
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>>9473

The problem with crypto was always that it's still a highly unregulated market. For a stock IPO, you have to comply with absolute shedloads of regulations that are mostly the result of finacial and exchange authorities spending decades, if not centuries cracking down on fraudsters over and over again, in endless chicken and egg cycles.

Cryptocurrencies, for all intents ad purposes, have only existed in a meaningful way since the early 2010s, and it has only been in the last few years that they've become an asset class that institutional money deals in.

Make no mistake, many equity market laws and rules were only drawn up to protect institutional investors from getting ripped off by other institutional investors. They never cared about you as a retail investor in all of it.

But the point with crypto is that any greedy cunt can set up their own cryptocurrency and do an ICO (initial coin offering), with very little in the way of anti-fraud and anti-corruption laws to protect you from them. Yes, in the end, they can be done in for fraud just like any fraudster. But the process to set up your potentially fraudulent cryptocurrency is much more lax and inviting to con artists, who can promise you all kinds of investment returns based on insanely sketchy strategies, and get away with it legally.

My guess is that as a fallout from the recent crypto crash, there will be much closer monitoring by authorities in the future, who will increasingly attempt to catch up at least with the dodgiest cryptocurrency schemes.

I'm sure
>> No. 9475 Anonymous
18th June 2022
Saturday 3:35 pm
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>>9473
Bitcoin does not have a mechanism by which it can inflate its own supply by 20,000 times over three days.
>> No. 9476 Anonymous
18th June 2022
Saturday 4:15 pm
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>>9474

>The problem with crypto was always that it's still a highly unregulated market.

Literally the only thing that distinguishes crypto is that it's unregulated. If you take that away, it's just an incredibly inefficient database. Conventional databases can process a transaction in a few microseconds at a cost of a few billionths of a cent. A transaction on the Bitcoin blockchain currently takes about ten minutes and costs $1.72.

Cryptocurrencies cannot ever be integrated into the mainstream financial system, because that renders them completely pointless. They can only possibly succeed by becoming the basis for a new and fundamentally different financial system, but there's absolutely no sign of that happening - almost no legal, non-speculative transactions are conducted using crypto.

Absent that world-changing revolution, cryptocurrencies are just an elaborate Ponzi scheme that have the side-effect of making it slightly easier to buy drugs on the dark web.
>> No. 9477 Anonymous
18th June 2022
Saturday 4:27 pm
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>>9476

>cryptocurrencies are just an elaborate Ponzi scheme that have the side-effect of making it slightly easier to buy drugs on the dark web

In fairness I think you've got that backwards. The way I see it they were only ever the money equivalent of a VPN. In a sane world, fake money you use to buy drugs on the dark web is all they would have ever been, but just like anything, speculation took hold; it just so happens they were very good for speculating on.

Anyway can someone give me a simple answer as to why they've all suddenly imploded at once? I heard something about China banning it that made a massive dent, but is it also connected to real world markets? That is, the prospect of recession, inflation, interest rates shooting up, the landscape has changed quite drastically and suddenly, making ponzi schemes like crypto, sealed copies of Mario 64, and Marvel's The Amazing Spider Man Issue #1 look much less attractive next to a sensible old stock market portfolio.
>> No. 9478 Anonymous
18th June 2022
Saturday 4:55 pm
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>>9477

>Anyway can someone give me a simple answer as to why they've all suddenly imploded at once?

Cryptocurrencies are connected to real-world markets in that loads of institutional money flowed into them from at least March of 2020. In the face of factually zero interest on lower-risk asset classes, it became just one segment of the "everything bubble", in which the big money was chasing ROI.

Now with equity markets under pressure and stock prices receding at the same time that interest rates are rising, institutional investors are reevaluating their exposure to risk assets, and that includes cryptocurrencies. And at some point, as with stock markets, it just becomes a self-fulfilling prophecy or even a mass panic. Where you sell because everybody else is selling. And that can then trigger an asset class-wide crash, and make crypto implode all at once.

And many cryptocurrencies may have performed well while the crypto market itself was running from all-time high to all-time high, but the achilles heel of a lot of them is proving to be the good old bank run, where too many investors want to cash out all at once.

The same was true for Bernie Madoff's Ponzi scheme, which went on unchallenged, or not challenged in a meaningful way, for 40 years. If it hadn't been for the 2008 Financial Crisis and a bank run by Madoff's investors that was stirred up by overall fear in the markets at that time, it could have gone on for much longer still.
>> No. 9479 Anonymous
18th June 2022
Saturday 5:20 pm
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>>9477

>Anyway can someone give me a simple answer as to why they've all suddenly imploded at once?

Simply a crisis of confidence. Financial instruments like shares or bonds can crash due to a lack of confidence, but they have an underlying value that they almost never drop below - the assets of the company or country that issued them. If Shell just couldn't be arsed being an oil company any more, they could still make billions by just selling off all their forecourts, refineries, tankers and offices.

The technical term for this underlying value is the "book value" and it's routinely used to calculate the percentage of a share's value that is based on the expectation of future growth. Excessive confidence in future trends can cause the value of those instruments to become inflated, but they have a fundamental floor price set by the value of the assets they represent. Cryptocurrencies have no such underlying value and their price purely reflects the belief that someone at some point in the future will actually want to use crypto for something useful.

All conventional financial logic says that crypto will collapse, it's just a question of when. Crypto does have some weird features that make it unusually resilient as asset bubbles go, mainly the overwhelming proportion held by retail investors and the weird "hodl/diamond hands/to the moon" memes that insulate a lot of crypto owners from normal rational thinking. There's a lot of dumb money in the world, but it's not infinite and eventually you will run out of suckers.
>> No. 9480 Anonymous
18th June 2022
Saturday 5:29 pm
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>>9478

>Cryptocurrencies are connected to real-world markets in that loads of institutional money flowed into them from at least March of 2020.

That's basically a meme. If you exclude companies that are effectively crypto ETFs like Grayscale and Microstrategy, the amount of institutional money in crypto is basically negligible. Firms like Paypal, Square and Cashapp are often claimed to be "institutional investors" in crypto, but that's not really true - they offer brokerage and wallet services and are buying coins on behalf of their clients rather than with their own money. They're very happy to take a commission, but they aren't taking on any risk exposure. The amount of crypto being held by established, legitimate companies is a rounding error away from zero.
>> No. 9481 Anonymous
18th June 2022
Saturday 6:21 pm
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>>9480
>the amount of institutional money in crypto is basically negligible

All of this.
>> No. 9482 Anonymous
18th June 2022
Saturday 10:07 pm
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>>9481

Maybe institutional traders don't rule the crypto market with the sheer amount of capital they had invested in it until recently, but they seem to be doing the majority of the trading now, and therefore they determine price action.

https://www.ft.com/content/12b80e7f-047d-4273-8766-226b5d91a1fc
>> No. 9483 Anonymous
18th June 2022
Saturday 11:38 pm
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>>9482
That depends on how they're defining "institutional".

The "real" institutional money isn't actually investing in crypto, it's just betting on the market. And it's moving the market significantly because it doesn't take a particularly large sum of money to do so.
>> No. 9484 Anonymous
19th June 2022
Sunday 9:28 am
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>>9482

Institutional buyers, not institutional money. Grayscale buy shitloads of crypto, but they're buying it on behalf of their customers in exchange for a management fee. They aren't in the business of investing in crypto, they're in the business of offering exposure to crypto to retail investors. They're acting purely as an intermediary and their trades are simply a reflection of market sentiment.

"Publicly traded corporations invest billions in Bitcoin" sounds legit, but it really means "people who can't work out how to open a Coinbase account invest billions in crypto". That spike in volume at the fag end of 2020 was driven by the same kind of people that bet the farm on Gamestonks and AMC.
>> No. 9485 Anonymous
19th June 2022
Sunday 12:15 pm
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>>9484
>"people who can't work out how to open a Coinbase account invest billions in crypto"
On the other hand, given how frequently Coinbase shits the bed, having an intermediary who can return your money when you want to exit isn't necessarily a bad thing.
>> No. 9488 Anonymous
20th June 2022
Monday 12:06 pm
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https://fortune.com/2022/06/16/lehman-brothers-crypto-crash-celsius-luna-bear-stearns-recession/

>Is the Celsius freeze a Lehman Brothers moment for crypto?

Interesting thought.

The whole cryptocurrency system is based solely on the hope that you will sell your coins at a higher price than you paid for them, because there will be somebody out there who is a bigger fool than you. Which is true enough for any long investment in any asset class, but if you buy a company's stock, then there is at least some sense that whether or not you will be able to cash out at a profit depends on how that company will be doing economically. There is none of that with crypto assets. It's a system that is simply based on the availability of bigger idiots.

Lehman's demise was the consequence of various big names in the business refusing to save it, by not throwing good money after bad money. The meltdown of the entire financial system that ensued was more than anything a crisis of confidence. If a long-standing big and trusted bank like Lehman wasn't safe from collapsing, then what would happen to all the other big investment banks. At the end of it, nobody was trusting anybody anymore, and the lending market temporarily almost froze up completely.

When people now lose faith in cryptocurrencies on a broad scale, it means they will no longer believe they can sell their coins to a bigger idiot. Coupled with the recent slump in stock valuations that now make many reputable companies a bargain to buy, the outflow of assets from crypto could continue to be dramatic.
>> No. 9489 Anonymous
20th June 2022
Monday 3:19 pm
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>>9488
One thing that occurred to me, though, is that nobody ever spends it like real currency at least partly because you'd be a fool to use something that regularly skyrockets in value to pay for your curried goat from a bearded hipster in a trailer one lunchtime. If everyone gives up on cryptocurrencies as investments, they might increase in value just because they're actually worth using as currency.

It's also worth noting that Bitcoin is designed to be easier to mine when it's worth less. The fact that it's crashing at the same time that electricity bills are at all-time highs will likely harm this, but nevertheless, I can see people start mining it more now, which has not been economically viable for your average person for a long time.
>> No. 9490 Anonymous
20th June 2022
Monday 3:50 pm
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>>9489

>It's also worth noting that Bitcoin is designed to be easier to mine when it's worth less.

Not quite correct - the mining difficulty changes in proportion to the total amount of mining power available. Mining difficulty has only fallen by about 3% since to the peak in May.

>I can see people start mining it more now, which has not been economically viable for your average person for a long time.

It still isn't. BTC is mined almost exclusively on purpose-built chips that aren't readily available to the public. The older chips that are available to the public are dramatically less efficient. The mining industry used to be heavily clustered around the Three Gorges Dam, but after the government cracked down they've moved out to Azerbaijan. The Chinese miners have started building prefab mines in shipping containers, so they can pack up and move more easily. Unless you're stealing electricity, the average punter simply isn't going to turn a profit on mining.

Bitcoin was supposed to be decentralised, but the owners of the majority of the world's mining capacity can fit in a minibus with room to spare.
>> No. 9491 Anonymous
20th June 2022
Monday 8:19 pm
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>>9489

>that nobody ever spends it like real currency at least partly because you'd be a fool to use something that regularly skyrockets in value to pay for your curried goat from a bearded hipster in a trailer one lunchtime

One thing that (at least slightly educated) crypto bros and other disciples of cryptocurrencies will not tire to tell you is that, yes, cryptocurrencies have intrinsic value. That they have utility for somebody who wants to pay for goods and services in the real economy with something other than their established national currency or any of the global lead currencies.

But as you said, that's kind of a moot point when your cryptocurrency whiplashes wildly against other established currencies. And whatever utility in an economic sense somebody might gain from using cryptos as legal tender will be eaten away by the loss of utility of spending one of your bitcoins or whatever fraction thereof this week and discovering that it's worth 20 percent more against the Dollar, Pound or Euro than the week before. If in accordance with utility theory you see the main purpose of money for the consumer in the utility they derive from it by purchasing goods and services, then you have to subtract opportunity costs of $, € or £ 0.20 from your real-world currency utility for every money unit of it that you spend, because you could have bought 20 percent more of your goods and services the following week that would have brought you even more utility.

But it's also a moot point during times when cryptocurrencies go down, because if your bitcoin is worth 20 percent less this week than last week, you can only realise 80 percent of the utility you could have had by spending it the week before. You could then say, fine, so I'll just spend all of it this week, but goods and services tend to follow laws of diminishing returns, or diminishing marginal utility in this case. In simple terms, eating ten chocolate bars tonight all in one sitting doesn't give you the same kind of utility as eating one bar a day for the next ten days.

Long story short, the utility aspect is nonsense when a cryptocurrency fluctuates that wildly. You could still say that in the long run, anybody who went in when many cryptos were started is still sitting on absolute oodles of profit, which make any nitpicking utility considerations pointless. But while that may be true for a lucky few, overall these days, it's impossible to predict if that will still be true for people who get in either now or in a few weeks when Bitcoin may trade at $10,000 or less. Which is exacerbated by the fact that nobody knows how cryptocurrencies will behave now that cheap central bank money dries up and retail investors are given a chance to take on safe investments at guaranteed interest again.
>> No. 9492 Anonymous
20th June 2022
Monday 9:00 pm
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>>9491
>eating ten chocolate bars tonight all in one sitting doesn't give you the same kind of utility
Get a load of Mr Motivator over here.

But you have alluded to something I've been wondering about with all the inflation: deflation is meant to be awful, because nobody spends any money this week when their money will be worth more next week. So surely, if inflation is out of control, it would make sense for everyone to spend their money now rather than only be able to afford 10/11 as much in the future. I've certainly done that a bit. So I guess it's possible that if inflation suddenly stopped, this wouldn't be good news at all for the economy because shops would find people spending less money.
>> No. 9493 Anonymous
20th June 2022
Monday 9:35 pm
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>>9492

That's why most central banks aim to keep inflation at a small but steady rate, typically around 2%. Even a small amount of deflation is dire because it tends to be self-reinforcing, so aiming for zero inflation is just too much of a gamble and doesn't leave you with room to manoeuvre.
>> No. 9494 Anonymous
20th June 2022
Monday 10:23 pm
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>>9493

Deflation is bad from many different angles. Consumers will hold off on purchases if they think they will be cheaper in the near future, while companies who make long-term profit projections for their investments in products are faced with diminishing revenue that goes beyond what can normally be expected from an eventually aging product. It can make an entire investment as such in a new product unprofitable. Which will in turn mean fewer people need to be hired, who will then have less money to spend, driving down prices for products even more.

A bit of inflation is almost always healthy, because it will give suppliers of goods and services confidence that their investments will appreciate, they will be more optimistic about hiring people, and that workforce will then have the money to buy those products.

Too much inflation will kill off consumption both in the present and in the (near) future. Especially when prices rise much faster than wages. Not only will consumers reduce their spending in the present, but in times of increased uncertainty, even if they still earn decent money, they will save more of it and not spend it because they will worry that they will not be able to afford goods and services from their work incomes in the future.
>> No. 9495 Anonymous
21st June 2022
Tuesday 3:52 am
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>>9490
>Bitcoin was supposed to be decentralised, but the owners of the majority of the world's mining capacity can fit in a minibus with room to spare.
Fun fact: You can often hit the 50% of the hashpower required to make changes to the network with fewer people than it takes to overturn abortion rights in the US.
>> No. 9496 Anonymous
21st June 2022
Tuesday 3:08 pm
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I'm starting to think gs is a reliable indicator: whenever Bitcoin has fallen sufficiently for the nocoiners here to have smug gloat it's the perfect time to take a punt on it.
>> No. 9497 Anonymous
21st June 2022
Tuesday 3:31 pm
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I think the DOW is in for a bit of a multi-day relief rally. Trying to find something like a leveraged ETF on the index to ride it for a couple of days.
>> No. 9498 Anonymous
24th June 2022
Friday 11:29 am
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>>9497

Just sold my ETF on the DOW and turned a tidy profit of almost 500 quid.

Weekend, here I come.
>> No. 9499 Anonymous
24th June 2022
Friday 1:30 pm
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>>9498
Not bad if you made £500 in under a week. Do you mind if I ask how much you put in to start with?
>> No. 9500 Anonymous
24th June 2022
Friday 3:11 pm
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>>9499

Upper four figures.

I don't normally take punts like that, but in this case, it seemed plausible to me that the Dow would be taking a breather.

I've found that watching CNBC really helps gauge market sentiment. They never really get credit for being a very good source of financial news.
>> No. 9501 Anonymous
4th July 2022
Monday 9:59 pm
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https://www.cnbc.com/2022/07/04/crypto-lender-vauld-halts-withdrawals-as-market-crash-takes-its-toll-.html

>Another crypto lender Vauld pauses withdrawals as market crash takes its toll


No, it's not a massively bonkers idea to take out loans that are collateralised against insanely volatile assets like a cryptocurrency. And then, as a "crypto lender", either letting customers buy more volatile cryptocurrency with the loan, or loaning the deposited crypto coins out to third parties.

A lot of this financial alchemy just always deserved to fail. It's making Lehman look like a bunch of schoolboys.
>> No. 9556 Anonymous
11th October 2022
Tuesday 4:43 pm
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Worst day I've had on the markets for years - been doing really well lately, too. Sucks to be me.
>> No. 9557 Anonymous
12th October 2022
Wednesday 9:10 am
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>>9556
Apart from a few absolute return/market neutral funds, it's been a shit year.
>> No. 9558 Anonymous
12th October 2022
Wednesday 12:27 pm
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>>9557

I'd say the worst is over, unless there's going to be some more catastrophic events, like the Ukraine War going nuclear or the U.S. bond market imploding and whatnot.

Q3 earnings season could mean another 10 percent drawdown, mind, but this bear market is already approaching the average duration of most bear market drawdowns in the past, which is around 9.5 months.
>> No. 9559 Anonymous
12th October 2022
Wednesday 1:09 pm
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>>9557
It's been a shit year but I've mostly navigated it okay - September was a really good month for dividends for me too - just this week I am taking a very red bath.
>> No. 9563 Anonymous
1st November 2022
Tuesday 12:46 pm
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I bought some Cineworld this morning, against my better judgement. But I've already made money on it, so feeling good.
>> No. 9564 Anonymous
1st November 2022
Tuesday 3:23 pm
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>>9563

I bought a Dow Jones ETF this morning. Got in at the highest point again, as usual. Not saying I was actually hoping to daytrade it, but the index is starting to look like a bit of a shit show since the open.
>> No. 9565 Anonymous
1st November 2022
Tuesday 3:49 pm
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>>9564
I've been buying super defensive stuff over the past month or so and making money on it - boring companies like Sainsbury, Imperial Brands, and Rolls Royce. I can't daytrade, it's not in me.
>> No. 9566 Anonymous
1st November 2022
Tuesday 3:56 pm
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>>9565

Daytrading is not something anybody should pursue in earnest. Your probability of losing and not turning a long-term profit is about 99 percent.

That said, I've had whipsaw moves in stocks after I bought them where they shot up ten percent the same day or the day after. It's almost always a good idea to take your profits when something like that happens.
>> No. 9567 Anonymous
1st November 2022
Tuesday 5:03 pm
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>>9566
It always tickles me there are so many day-trading courses advertised on YouTube, particularly around FX trading; if these guys were any good at it, they wouldn't be needing to sell training courses.
>> No. 9568 Anonymous
1st November 2022
Tuesday 6:53 pm
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>>9567

Exactly. Why bother slapping together a half-hearted tutorial or course, when you can spend that time making shedloads of money daytrading all by yourself, which you are apparently so good at. If I was actually a profitable daytrader, I'd just be sitting in front of my computer all day in my pizza stained track pants and spaffing one off to the thousands I'd be making on each trade.

But people fall for the good samaritan scam, where they actually believe that someone will teach you a functioning quick way to get rich.

Well, they do, when you think about it. The moment they take your money.


https://www.youtube.com/watch?v=QWhGHxrK9w8
>> No. 9569 Anonymous
1st November 2022
Tuesday 7:17 pm
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>>9568>>9567

Former day trader Gary Stevenson makes a similar point, but for economics professors. I was wondering what you lads make of him:


>> No. 9570 Anonymous
1st November 2022
Tuesday 8:24 pm
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>>9569
He says a lot of very good things.
>> No. 9571 Anonymous
1st November 2022
Tuesday 9:27 pm
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>>9569

Economicslad here.

As the video mentions, the problem with economics isn't just that it's run by sheltered upper-class boffins who have little to fear from the economy's ups and downs, but often that it's too steeped in the idea that the real world can be expressed by deterministic mathematical equations, and that they are near enough all you need to model reality and to ponder what happens to Y when X changes. And in that respect, many economics exams are more applied maths than they have anything to do with getting a workable grasp of the real world and why things are the way they are. For example, a classic recurring quesion on microeconomics exams deals with the Stackelberg leadership model. In short, it's a description/prediction of what happens to price, profit and output when you've got two companies competing in a market, one being the leader and the other the follower.

Wikipedia has a pretty complete run-through of it:

https://en.wikipedia.org/wiki/Stackelberg_competition

This is the kind of thing you need to know and be able to recite and calculate on the fly during the pertaining exam. Not because that's how the real world is expected to function, but because it's canon.

A lot of it has to do with the fact that economics as a science the way it is taught today has its roots in the 19th to early 20th century, a time marked by great advances in natural science and engineering, which led to the discovery of many mathematical principles that actually make useful predictions about the natural world. Just think of things like the Planck Curve or Einstein's relativity. And by extension, it was believed that economics, too, was able to express the world around us by using just the right sets of mathematic formulas.

Don't get me wrong; you do learn a lot of useful things if you study economics. A noteworthy part of my degree was finance and investment theory, and it effectively enables you to do pretty hands-on stuff like calculating the intricacies of your mortage or your car lease, or work out if an investment alternative and its returns are worthwhile. And you actually walk away from university at the end of it feeling like you understand a good bit more about real-world economics than the average person. But a lot of that only comes to you by abstracting from all the applied maths you had to endure.
>> No. 9572 Anonymous
8th November 2022
Tuesday 12:06 pm
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It turns out one of my work colleagues has also taken a punt on Kodal. He keeps updating me on what's going on, which tends to drift in one ear and out of the other, but he's adamant that it's going to shoot up at some point before Christmas and that's when he's selling out.
>> No. 9573 Anonymous
8th November 2022
Tuesday 4:07 pm
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>>9572
Glencore is a much safer bet if you want to invest in fossil fuels and mining.
>> No. 9574 Anonymous
8th November 2022
Tuesday 4:16 pm
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>>9573
I'm already balls deep (£50) into Kodal. He's convinced it will go from 0.29p per share to 5p per share before the year is out.

PREM has done very well recently. Helium One hasn't recovered from the bubble bursting.
>> No. 9575 Anonymous
8th November 2022
Tuesday 6:42 pm
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>>9574
A ten-bagger in eight weeks. Unlikely.
>> No. 9576 Anonymous
9th November 2022
Wednesday 3:34 pm
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>>9575
It's up from 0.29p to 0.30p in a day. If it grows exponentially at this rate I'll be quids in.
>> No. 9577 Anonymous
10th November 2022
Thursday 12:10 pm
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I've taken a punt and added Tesla and Allianz to my portfolio. Allianz is one of Europe's biggest insurers with a market cap of close to 80 billion euros. That part of the finance industry is set to profit from rising interest rates more than many other businesses.

Tesla is sort of bumbling right now, and Elon Musk is a complete cunt and a pound shop Bond villain, but the future is electric, and given that it's 50 percent off its peak, I thought why not.

Allianz is doing well though, I got in at around 175 a few weeks ago, and it's now at 192. I'm feeling tempted to sell at 200, although the real boon is that they pay more than five percent dividend every spring. So it might be worth holding on to them for the mid-term.
>> No. 9578 Anonymous
11th November 2022
Friday 7:27 pm
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>>9577
Allianz is a good bet.

Despite owning one of the cars and loving it, not sure I would be brave enough to get into Tesla stock.
>> No. 9579 Anonymous
11th November 2022
Friday 7:32 pm
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>>9578

I think there's a real possibility Twitter could take Musk down in flames. It's never been a particularly robust business, I have no idea what he was thinking buying it.

That said I am enjoying the double dose of schadenfreude seeing both twitter liberal types get a first hand demonstration of that old "when the shoe is on the other foot" argument, and Musk having his net worth collapse overnight.
>> No. 9580 Anonymous
11th November 2022
Friday 11:17 pm
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>>9579

>It's never been a particularly robust business, I have no idea what he was thinking buying it.

At his level of wealth, it almost doesn't matter what you piss 40 billion up the wall for. Google says that his net worth even after Tesla's nose dive in market cap this year is still 188 billion. You're not going to be meaningfully poorer if you suddenly only have 148 billion.

In the end, maybe it's hubris. I've read that multi-billionaires from a certain level just think they can play God. And I guess one way you can do that is by flat out buying one of the globe's most essential means of communication of our time. Like it or not, that's what Twitter still is. Robust or not.
>> No. 9581 Anonymous
12th November 2022
Saturday 12:00 am
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>>9580

>At his level of wealth, it almost doesn't matter what you piss 40 billion up the wall for

It very much matters what your investors think, though. And that's the thing about Musk, he's not really a super gazillionaire, he's a paper gazillionaire based on the fact that people reckon his car company (and now twitter, apparently) are worth a super gazillion.

If that changes, he goes bankrupt, simple as that. And when you really think about it, it's entirely just a matter of people's collective opinion of him. His actual cash assets will be infinitesimally smaller than his "net worth", and for that kind of wealthy person, it's actually quite precarious. Just look at that bitcoin bloke who has found himself going from a billionaire to practically skint.

>Like it or not, that's what Twitter still is.

It really isn't though is it. If it collapsed a successor would spring up over night. The only people who think Twitter is important in and of itself are journalists and wankers*.

The reality of Twitter is that it's barely been clinging on to life for the better part of the last decade. It's profits only ever just limp over the line; it's one of those businesses which is a miniature speculation bubble all on it's own.

*No offence, you're allowed to change your mind thanks to my very persuasive argument and thus avoid this label.
>> No. 9582 Anonymous
12th November 2022
Saturday 12:12 am
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>>9579
But he shoe's just kicking itself to death. It's not like he's booting left-wingers off the site for the EPIC LOLZ, Musk's just pissing away his own money and making Twitter functionally worse. I don't really care about the site itself, but in an increasingly centralised internet smashing it to bits will take a lot of innocent bystanders with it.
>> No. 9583 Anonymous
12th November 2022
Saturday 12:24 am
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>>9582

The destruction of Twitter can only be a good thing, however it occurs. I firmly believe the place is damaging to society and humanity's collective intelligence.
>> No. 9584 Anonymous
12th November 2022
Saturday 1:17 am
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>>9583

Twitter doesn't really play a significant role in anything. It's about a tenth of the size of Facebook or WhatsApp in terms of daily and weekly users and only slightly bigger than TikTok. Those users are much less engaged, spending far less time on site/in app and making and reading far fewer posts.

The bias in our perception of Twitter occurs because journalists are incredibly heavy Twitter users. They habitually over-estimate the size and influence of Twitter because they and all of their colleagues are constantly on Twitter, but overlook the fact that their mum isn't. They became weirdly preoccupied with Trump's tweets, because they were following him on Twitter but never watched Fox News.

Twitter amplifies the voices of weirdos, but most of the people listening are also weirdos. SJWs and TERFs spend all day shouting at each other, but the vast majority of the population are oblivious to it.

It's totally possible that Musk's purchase of Twitter is a hubristic error, but it's also totally possible that he has realised who actually spends time on Twitter - a relatively small number of highly atypical people who are unreasonably invested in winning imaginary internet points.

If he has a plan, I think it's based on the understanding that Twitter is really an MMORPG and should be monetised as such. $40bn is an unreasonably high price for a social media network with about 200 million active users, but it's quite a good deal for an online free-to-play game with 40 million addicts.
>> No. 9585 Anonymous
12th November 2022
Saturday 9:25 am
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>>9584

Well that's kind of part of the problem, as I see it. Twitter is an echo chamber for primarily journalists, and unhinged neurotics. But those two groups have a heavily overlapping venn diagram- Journalists are the exact kind of people making up that demographic, and today, it's even the main place they get most of their stories. There's one theory of today's identity politics obsession that paints it primarily as a signalling tool and social climbing mechanism for the PMC, and I think there might be some truth to that. If you look at LinkedIn, the atmosphere is much the same.

Regular people don't pay attention to what's going on on Twitter, but where do they get their news? Where do they go to find out what's going on in the world? What articles are they reading when they wake up and pick up their phone to start scrolling? Articles by journalists who have been entirely brain poisoned by Twitter. Articles that, as such, reflect the world view of somebody who has been entirely brain poisoned by Twitter. So we all end up getting a second hand picture of the world, through the lens of brain poisoned Twitter users, about events that they only found out about on Twitter, because it's easier for them to just repost the shite they see on Twitter.

Twitter leaks into our collective consciousness like a barrel of radioactive waste dumped into the water supply.
>> No. 9586 Anonymous
12th November 2022
Saturday 10:23 am
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>>9585
Lots of "regular people" use Twitter. Just because you're hyper focused on one aspect of it doesn't mean that's the sole use people have for it. I know we joke around, but it'd be like saying this website was nothing but people talking about how sexy fat women are.
>> No. 9587 Anonymous
12th November 2022
Saturday 11:05 am
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>> No. 9588 Anonymous
12th November 2022
Saturday 11:57 am
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>>9585

I'd argue that you've got the causation the wrong way around - Twitter is garbage because it's poisoned by the PMC. It's an endless dinner party at which all of the guests are pricks.


>> No. 9589 Anonymous
12th November 2022
Saturday 5:00 pm
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>>9581

>His actual cash assets will be infinitesimally smaller than his "net worth", and for that kind of wealthy person, it's actually quite precarious. Just look at that bitcoin bloke who has found himself going from a billionaire to practically skint.

Crypto has been a classic example of innovators, imitators and idiots. And with crypto exchanges like FTX, we were well and truly in the idiot phase. As we know, it's not the only instance where some crypto bro founded a crypto exchange or a crypto bank thinking they were absolute financial geniuses, and what they all had in common was that they took an innovative idea like decentralised finance that was invulnerable and impervious to central bank politics and economic policies of governments, and completely took the piss out of it.

Bank runs have crippled commercial banks in many a stock market crash even before 1929. In the banking sector, most first-world countries today have deposit insurance funds in place to both assure the public that their money is safe and to be able to actually pay them out if they want to withdraw their money. Crypto exchanges have had none of that, and even worse, being the entirely unregulated market that crypto has been, crypto banks also had no regulations to observe on minimum liquidity reserves. Again, most developed countries have pretty strict rules on how much of their clients' money banks need to have immediately ready to be withdrawn. While crypto exchanges and -banks have theoretically been free to loan out 100 percent of their client crypto currency assets to third parties, or do whatever God knows else with it. When a bank (or coin) run then sets in, it can cause that crypto bank to literally implode over night from their clients' withdrawal demands.

Crypto bros deserve to be where they are now. The market has a way of always weeding out the idiots in the long run.
>> No. 9590 Anonymous
12th November 2022
Saturday 6:04 pm
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>>9589
>Crypto has been a classic example of innovators, imitators and idiots.
This, except it somehow seems to have skipped the "innovators" phase entirely.
>> No. 9591 Anonymous
12th November 2022
Saturday 6:56 pm
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>>9590

You probably mean "imitators".

There needs to be an innovation first.
>> No. 9592 Anonymous
12th November 2022
Saturday 7:22 pm
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>>9591
"Money but shit" isn't really much of an innovation.
>> No. 9593 Anonymous
13th November 2022
Sunday 1:10 pm
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>>9592

Here's a pretty easy to understand run-down of the FTX debacle.


https://www.youtube.com/watch?v=MWfuDeO9thk

Bankman-Fried essentially did many things that financial institutions like banks are forbidden from doing by law. FTX gambled away client funds, which they expressly said they wouldn't do, and there were loans taken out that were collateralised against FTX's own worthless illiquid token.

The amount of stupid was really running exceptionally high. Possible criminal violations include theft and investment fraud.

Online sources say Bankman-Fried's remaining personal wealth is around $900M. But if the criminal charges stick and he has to go to court, he'll likely lose every penny of it. And go to prison. Just look at people like Elizabeth Holmes. She was ordered to pay about that amount in fines and compensation for investment fraud, and she is looking at up to 15 years in prison.

I guess the lesson is, don't be a finance bro. It's all just financial alchemy, and at the end of it, there always comes the moment of reckoning.
>> No. 9594 Anonymous
13th November 2022
Sunday 10:05 pm
9594 spacer
>>9593
I'm sure he's very informative. However, between his suspenders and the fake coffee steam I can't trust that man.

I seem to remember something in Dan Olson's NFT video about a crypto exchange doing something similar. I think they'd been moving people's crypto between mutltiple exchanges, cashing out certain people, but when a run happened and everyone wanted out there just wasn't any money and that was that. Half-remembering that though, so I could be completely full of it. But I have to say, between the crypto/NFT collapse, the ongoing public display of ineptitude from Elon Musk and everything that's happened in the UK government, it's been a pretty good year for showing how every idea the right have ever had is completely without merit and should never be taken seriously again. It's a shame climate change has already doomed us all, we could have really ran with this brave new world.
>> No. 9595 Anonymous
14th November 2022
Monday 1:39 am
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>>9594
We've had plentiful evidence that all these "genius" techbros are thick as shit, but for whatever reason this reality never seems to sink in, as demonstrated by that absolute fuckwit who spaffed away everything in WeWork getting $350m for literally fucking nothing.
>> No. 9596 Anonymous
14th November 2022
Monday 1:58 am
9596 spacer
>>9594

I think the real lesson is that time and again, financial markets have a habit of cutting almost everybody back down to size who thinks they are above certain investing principles and who think they can consistently beat the market with colossal returns.

The markets crashed in 2008 because Wall Street was playing silly buggers with complex financial instruments that nobody, and crucially not even the maths geniuses who had developed them, had fully understood. And the crypto scene didn't learn a single thing from it. Loads of people repeatedly lost tons of money in successive crypto winters and all kinds of other things like ICO fraud, and the crypto bros like Bankman Fried saw themselves as true financial alchemists who could generate profits pretty much out of thin air.

As with any market bubble, crypto's exuberance and its excess was its downfall.

For a long time, I had loads of people telling me, get into cryptocurrencies, it's THE way to become filthy rich by doing almost nothing. Well, I never invested a single quid in them, and I now probably have more money than many who seemed very keen to convince me.
>> No. 9597 Anonymous
14th November 2022
Monday 12:33 pm
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>>9595

>We've had plentiful evidence that all these "genius" techbros are thick as shit

Selective perception, innit. People like a good lie, and if somebody presents themselves in the right way as some sort of tech or financial messiah, people believe it.

Happens all the time.
>> No. 9598 Anonymous
15th November 2022
Tuesday 12:32 pm
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>>9597
Particularly when paper money is involved.
>> No. 9602 Anonymous
26th January 2023
Thursday 10:24 am
9602 spacer
There was an investment update from Royal London earlier this month stating that they believe banks are looking like attractive companies to invest in.

https://www.rlam.com/uk/intermediaries/our-views/2023/sustainability-should-i-stay-or-should-i-go-now/

Any particular ones you'd recommend?
>> No. 9603 Anonymous
26th January 2023
Thursday 2:55 pm
9603 spacer
>>9602

Banks are a tough one. While the economy is going well, they often outperform other sectors, but when there's a significant downturn, they are often among the most battered. That said, rising interest rates are generally a good thing for banks.

As a small position to hedge your portfolio, why not. But I wouldn't invest much more than that unless you are very risk tolerant.
>> No. 9604 Anonymous
26th January 2023
Thursday 3:48 pm
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>>9602
Canadian is leading the pack but you're late to the party - there's Royal Bank of Canada and then you get Montreal etc.
I reckon that Commonwealth Bank of Australia still has room to grow and the ticker is CBA which I can relate to.
>> No. 9605 Anonymous
26th January 2023
Thursday 3:55 pm
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>>9603
This is my fun money. The money I invested in IAG last year is up about 35% so I'm gonna move half of it into one of the UK banks.

>>9604
Thanks, lad. I was mainly looking domestically, possibly NatWest or Barclays. I might split it between the two as I can't make my mind up.
>> No. 9606 Anonymous
26th January 2023
Thursday 4:07 pm
9606 spacer
Also, Kodal have finally had that surge. Not as much as my colleague claimed it would be, but in little over a week it's gone from 0.23p to 0.41p per share.
>> No. 9607 Anonymous
27th January 2023
Friday 7:18 pm
9607 Genedrive Update, or why you should avoid AIM Stocks
gdr.png
960796079607
Genedrive (GDR) still have not sold any covid test appliances, but this week the share has surged for no certain reason. Message board chat suggests that there is positive news incoming regarding their appliance to check if babies have a gene that means certain antibiotics will cause permanent hearing loss.

There has been no actual news, however. So the share price movement is widely assumed to be driven by insider trading - this is AIM after all.
>> No. 9651 Anonymous
24th March 2023
Friday 4:31 pm
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Decided to take my Kodal gains and reinvest them into PREM in the hope its momentum continues.

Switching into NatWest and Barclays has clearly gone to shit, though.
>> No. 9662 Anonymous
18th April 2023
Tuesday 9:35 am
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>>9651
This has proven to be yet another one of my big brain moves.
>> No. 9700 Anonymous
10th July 2023
Monday 8:53 am
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The HE1 rollercoaster continues. No news, then news of no rig, then news of a rig!
>> No. 9701 Anonymous
10th July 2023
Monday 3:51 pm
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>>9700

Have you actually made money with these microcaps?

As a rule, I don't go within a country mile of them. A lot of them end up being pump and dumps. And their company finances are often sketchy.
>> No. 9716 Anonymous
28th July 2023
Friday 7:06 am
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>>9651
>Switching into NatWest and Barclays has clearly gone to shit, though.

The NatWest share price dropping by about 8.5% because of the Farage fallout would never have happened if i didn't invest in them.
>> No. 9717 Anonymous
4th August 2023
Friday 4:01 pm
9717 spacer
Bought into Greencoat UK Wind on the off chance we start seeing momentum toward onshore wind. I'll hold the Earth responsible for any loss.
>> No. 9718 Anonymous
5th August 2023
Saturday 5:42 am
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>>9716
The Farage thing seemed like a good opportunity to buy the dip. Less than 3 quid at most supermarkets.
>> No. 9719 Anonymous
5th August 2023
Saturday 9:52 pm
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>>9717
You' know what, I'm tempted to convert about 19% of my portfolio to UK wind investments. Looking at it currently Greencoat is doing 5.67% dividend (not even highest yield atm) and undervalued following the interest rate and Trussonomics impacts.

There are two easy predictions:

1. Winter this year is forecast to be colder and drier which means greater electricity prices (and snow so invest in salt now).
2. Labour get in for Jan 2025 at latest and immediately scrap the onshore wind ban along with making its watered down commitment to plough into renewables. New regulatory changes, new money being ploughed in, all that shit. Marks the get out point.

The risk is that either energy prices will have stabilised now so that over winter we're not facing the same crisis as last year or that wind simply won't be performing. It's impossible to predict wind at the best of times and that's made more difficult as we've just found out we've been accidentally geoengineering the North Atlantic for decades and now that we've stopped the temperature is going mental.

Someone talk me out of this.
>> No. 9720 Anonymous
5th August 2023
Saturday 9:54 pm
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>>9719
If they're so obvious what makes you think they're not already priced in?
>> No. 9721 Anonymous
5th August 2023
Saturday 10:06 pm
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>>9720
I'm not seeing it in the data. As far as I can tell the industry has been starved of money.
>> No. 9722 Anonymous
7th August 2023
Monday 5:05 pm
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>>9719
I'm getting adverts from the national grid on shitty mobile games about turning wind power in to a cup of tea so you might be on to a winner.
>> No. 9723 Anonymous
7th August 2023
Monday 5:25 pm
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>>9722
I think I'll stick to hot water and tea leaves thanks.
>> No. 9724 Anonymous
7th August 2023
Monday 5:27 pm
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>>9723
Did you perhaps mean tea bags or are you some kind of mentally ill?
>> No. 9725 Anonymous
8th August 2023
Tuesday 12:38 am
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>>9724
What sort of uncultured monster puts their tea leaves in bags? Do you even drink tea? Next you'll be saying you sully it with milk.
>> No. 9726 Anonymous
8th August 2023
Tuesday 12:19 pm
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>>9725
Mate, much of the userbase here admitted to buying their toilet roll from fucking supermarkets. Animals.
>> No. 9727 Anonymous
8th August 2023
Tuesday 2:14 pm
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>>9726

Next, you're going to tell us that there are special shops where the discerning TP conaisseur buys theirs.

Never really liked tea in bags though. I've always imagined it as being the bits that the shop boy sweeps up at the tea factory at the end of the shift.

We went to a tea factory in Sri Lanka once. They let us taste some of the best Ceylon tea I've ever had.
>> No. 9728 Anonymous
8th August 2023
Tuesday 2:26 pm
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>>9726
I didn’t realise my anus also posted here. Although it does explain a lot, with hindsight.
>> No. 9729 Anonymous
8th August 2023
Tuesday 3:23 pm
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>>9727
To be fair you can buy vegan toilet paper from Waitrose these days.

Plenty of other bamboo brands are practically online-only however.
>> No. 9730 Anonymous
8th August 2023
Tuesday 4:08 pm
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>>9729

Ok I'm out. It's annoying enough when people are vegan, but now they have to wipe what comes out the other end with vegan toilet paper as well?

Also, how isn't all toilet paper vegan already. It's not like you mix in ground up chicken feet with the cellulose that goes into making it.
>> No. 9731 Anonymous
8th August 2023
Tuesday 4:34 pm
9731 spacer
>>9730
Lots of things aren't vegan. Vegans shouldn't eat lemons because shellac is used on the peel. Lots of alcohol isn't vegan because it'll contain isinglass or about half a dozen other animal products; sometimes apple juice isn't vegan. Paper generally isn't vegan if it contains glue and a lot of the dyes to bleach it white contain animal products. Vegans can't go paintballing because paintballs generally contain gelatin. Tattoo ink generally is made from bones. Cola and other soft drinks are generally coloured with dyes made from insects. The new £ notes aren't vegan because they contain tallow. Almost every breakfast cereal that has been fortified contains lanolin. I don't think most condoms are vegan either.
>> No. 9732 Anonymous
8th August 2023
Tuesday 4:45 pm
9732 spacer
>>9730
The big conglomerates often won't reveal what animal derived materials are used in manufacturing but some including Proctor & Gamble certainly confirm they are present. Gelatin is a commonly cited possibility.
>> No. 9733 Anonymous
8th August 2023
Tuesday 5:19 pm
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>>9731

Then why limit nearly all your consumer choices because they aren't vegan.

If we're really nitpicking, then my car isn't vegan either because it's got leather seats. And the petrol it uses comes from ancient dead animals. Those poor dinosaurs that had to die just so you and I can put petrol in our cars.
>> No. 9734 Anonymous
8th August 2023
Tuesday 5:36 pm
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>>9733
If you're going to go through a lot of toilet roll in your life then it makes sense to go with something more aligned with your beliefs.
>> No. 9735 Anonymous
8th August 2023
Tuesday 5:41 pm
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>>9734

Maybe then I just don't go through enough toilet paper.

It could be because I'm not full of shit.
>> No. 9736 Anonymous
8th August 2023
Tuesday 5:49 pm
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>>9731
Have they considered not rendering their lives entirely devoid of fun?
>> No. 9737 Anonymous
8th August 2023
Tuesday 5:51 pm
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>>9733
Thankfully they can use electricity, as coal is plant-based.
>> No. 9738 Anonymous
8th August 2023
Tuesday 6:01 pm
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>>9737

>as coal is plant-based.

Acktchually it's not entirely plant based.

https://education.nationalgeographic.org/resource/fossil-fuels/

>Fossil fuels are made from decomposing plants and animals.


Also though, I think we're down to about 2 percent of electricity in the UK now coming from coal. I remember reading that it's been reduced considerably in the last ten years or so.
>> No. 9739 Anonymous
8th August 2023
Tuesday 6:08 pm
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>>9736
Many vegans don't really care about animals, they just enjoy being difficult.
>> No. 9740 Anonymous
8th August 2023
Tuesday 6:15 pm
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>>9739

In a nutshell, yes.

With many of them it's more about perceived moral superiority.
>> No. 9741 Anonymous
8th August 2023
Tuesday 8:35 pm
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>We’ve made the decision to restrict non-GBP funds where the fund manager applies a foreign exchange commission charge, including those listed above. The fund manager does not offer an equivalent GBP version of the fund. This means that you can continue to hold your existing non-GBP fund but will not be able to make any further purchases of it through our platform.

HL is just taking the piss now. I specifically hold this fund because it's cheaper than the comparative ETF and the manager gets results. It's not even like they don't do everything possible to keep users from holding ETFs.

What's going on, are brokers getting worse over time or is this some scheme to manage the countries Fx?

>>9738
Coal comes from dead forest or more specifically it comes from the Carboniferous Period when the Earth was packed with hot swampy forests - with a side of giant fuck off bugs flying around. It forms when dead plant matter accumulates at the bottom of a swamp.

It's vegan but I suppose it may contains traces of animals. So imagine Jurassic Park only all the dinosaurs have black lung instead of tasting like maple syrup.
>> No. 9742 Anonymous
10th August 2023
Thursday 11:55 am
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>>9701
> Have you actually made money with these microcaps?

No I have not. I'm down probably a few hundred pounds.

I limit my "investment" in them to small amounts (normally £100 a stock) and consider it fun gambling / learning experience. My "normal" portfolio is entirely funds/trusts/big caps.
>> No. 9743 Anonymous
10th August 2023
Thursday 11:10 pm
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>>9742

>I limit my "investment" in them to small amounts (normally £100 a stock) and consider it fun gambling / learning experience

I don't see the fun in predictably losing money. Fine, if you treat it like the stock trading equivalent of fruit machines, why not. But I can think of more fun ways of blowing 100 quid.

It's hard enough these days to turn a profit on a large cap, so why make it worse by pissing money up the wall with microcaps. And about the only thing you can really learn from trading them is that they're an even faster way of losing money.
>> No. 9744 Anonymous
11th August 2023
Friday 12:14 am
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>>9456
>Rolls Royce

>>9743
>It's hard enough these days to turn a profit on a large cap

It is not.

Y'all just eating too much meat and dairy to pay attention.
>> No. 9751 Anonymous
16th August 2023
Wednesday 7:18 pm
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Thinking about BARC again. It looks undervalued to me at 145.14p with P/E 4.66 and a 5% dividend that's liable to get higher. I might go in at the end of the month - UK banks in general seem undervalued.
>> No. 9752 Anonymous
16th August 2023
Wednesday 9:33 pm
9752 spacer
>>9751
I think that's a good call.
>> No. 9753 Anonymous
17th August 2023
Thursday 12:05 am
9753 spacer
Why can't I pay into two s&s isas in the same year?
>> No. 9754 Anonymous
17th August 2023
Thursday 12:49 am
9754 spacer
>>9753
Because outside of tax fraud I'm not sure why you would need to? Branch out into an Innovative Finance isa and let us know how your journey goes.
>> No. 9755 Anonymous
17th August 2023
Thursday 10:35 pm
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>>9753

I imagine it was something the banks managed to get written into the regulation when ISAs first got invented, to reduce competition (and perhaps make it easier for HMRC).

You can pay into two ISAs in the same year, anyway, you just can't have more than one active at a time. So you can close one and transfer it to a new one at a different provider.
>> No. 9756 Anonymous
6th September 2023
Wednesday 12:11 pm
9756 spacer
>>8124 here. It's £40k now.

Somebody help me, I can't seem to get off my arse and invest it.
>> No. 9757 Anonymous
6th September 2023
Wednesday 6:10 pm
9757 spacer
>>9756
Fucking hell, what current account are you using?

If you're really lazy:
1. Go: https://www.vanguardinvestor.co.uk
2. Set up an account and deposit monies
3. Target whatever life strategy/retirement/sustainability mix: https://www.vanguardinvestor.co.uk/what-we-offer/all-products
4. Remember to keep some money in as cash to cover monthly fees
4. Profit

Obviously the smart thing to do would be to set up a Lifetime ISA (4k limit per year + 1k gov bonus) if you want a buy a house, and then fill up a stocks and shares ISA which will save you a few quid once you start selling investment to withdraw profits - rather than the taxman robbing it to fund Styrofoam schools and novelty face masks.
>> No. 9758 Anonymous
7th September 2023
Thursday 11:41 am
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Thinking of going balls deep into the Digital 9 Infrastructure investment trust.

https://www.hl.co.uk/shares/shares-search-results/d/digital-9-infrastructure-plc-ord-npv

It's trading at a 45% discount to the net asset value, meaning the dividend yield is over 10%, because sentiment on infrastructure investments has taken a massive hit.
>> No. 9759 Anonymous
8th September 2023
Friday 1:04 pm
9759 spacer
>>9758
I wouldn't. The longer term risk is the liabilities it holds but even in the short term:

1. It's September and it looks like this one won't break with tradition.
2. Data infrastructure will absolutely moon with demand but you won't see the shortage bite until further down the line.
3. The first mover for this would be the government pulling it's finger out and supporting the UK sector but there's a spending review coming up so expect fuck-all to be announced until next year.
4. No fucking way it can maintain a 10% divvie.

I'd wait until at least mid-late October and see what happens. Your biggest risk now would be if they announce a cut to the dividend the market is pricing for and the shift in leadership this year really was the rats jumping ship before it goes under.

If you're interested in data then Amazon put a lot of money into data infrastructure prior to the AI craze that is proving to be an amazing bet.
>> No. 9760 Anonymous
8th September 2023
Friday 1:21 pm
9760 spacer
>>9759

>1. It's September and it looks like this one won't break with tradition.

We're only a few trading days into September. Nobody knows if this is going to be another difficult September for stocks. Some statistics leave hope that this time could be different. One statistic I saw argued that Septembers have been strong in years where the S&P climbed more than 10 percent (or something) YOY from August of the last year. This is the case this year, we were up 25 percent YOY at the end of August of 2023.

That in itself could be cause for concern, but if we count from the beginning of 2023, it's only 19 percent. Which is still a sizeable rally, but not unheard of after a 25-percent bear market the preceding year.

I'd say markets still have upside potential. It's not certain that September will be a good month on balance, but there's also nothing indicating that it'll be unusualy challenging.
>> No. 9764 Anonymous
15th September 2023
Friday 4:35 pm
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>>9757
Thanks. I'm already a homeowner - is there any other reason to get a Lifetime ISA?
>> No. 9765 Anonymous
15th September 2023
Friday 4:51 pm
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>>9764

You can still claim the bonus when you reach the age of 60. Obviously it's more difficult to plan on that kind of timescale. There are potentially better ways of saving for retirement, depending on your plans and your tax circumstances.
>> No. 9771 Anonymous
26th October 2023
Thursday 1:45 am
9771 spacer
When will the market stop being a cunt.

I got in on the S&P in mid-September around 4,500 and it's been nothing but a ballache. I wasn't expecting instant returns, but it's taking the piss now.
>> No. 9772 Anonymous
26th October 2023
Thursday 9:08 am
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>>9771
You're better off not looking. I've heard people who are pinning their hopes on the usual Santa rally, but I'm setting and forgetting.
>> No. 9773 Anonymous
26th October 2023
Thursday 10:36 am
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>>9771
If the last two years are anything to go by then never. We're going to zero - the stock market will close, money will inflate away and we'll be free.

Or probably next year or the year after.
>> No. 9774 Anonymous
1st November 2023
Wednesday 10:38 am
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There's no fucking way BP should be dumping another -2.2% today as we head into winter. This is madness.
>> No. 9775 Anonymous
1st November 2023
Wednesday 2:28 pm
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I'm kicking myself for not selling Rivian stock that I bought for $25 last year. Which seemed like a good discount at the time, and it did go back up to $39 at one point after I bought it, but the last year or so it's only been fluctuating and now it's back to around $16.

I could've sold it for a small profit this summer when it was trading around $27, after going down to just $12 a few months before, but greed got the better of me. And the EV industry is probably going to continue to consolidate, which will mean tighter profit margins in the foreseeable future. The stock's overall trend is firmly pointed downward since the IPO in late 2021.

Looks like this is going to be a very long-term investment. Unless there's going to be another sudden rally. I'd be happy to sell for 27 to 30. That would still give me a very tidy profit.
>> No. 9776 Anonymous
1st November 2023
Wednesday 4:43 pm
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>>9775
I think Rivian is a right punt given how few cars they're churning out. Wish you luck.
>> No. 9777 Anonymous
1st November 2023
Wednesday 5:18 pm
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>>9776

The IPO price was $78, so a third of that somehow seemed a good deal at $25. And I could've made a killing selling at 39, but again, I guess I was too greedy, which is never a good thing in the stock market.

I've only got 150 shares, but it's still annoying.
>> No. 9779 Anonymous
1st November 2023
Wednesday 6:08 pm
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>>9777
> I guess I was too greedy, which is never a good thing in the stock market.

I have started to make more money by only trading once or twice per year. I have also moved a lot into income trading too, it's nice to watch 8% dividends coming in monthly.
>> No. 9780 Anonymous
1st November 2023
Wednesday 8:47 pm
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>>9779

I don't trade that often either. Unless a stock goes through the roof right after I buy it and gives me a more than reasonable return, I usually hold stocks for longer.

I tried short term- and even day trading for a while and suffered a painful (but entirely survivable) loss. Unlike some day traders who bet and then lose the farm.
>> No. 9794 Anonymous
29th December 2023
Friday 2:55 pm
9794 Thank you, santa rally
santa-rally.png
979497949794
Next year, please can PNL.L start doing what it is supposed to, and rise with inflation. Also can the discount be reduced on UK stocks, like Merryn keeps saying it will.
>> No. 9803 Anonymous
2nd February 2024
Friday 4:05 pm
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How on Earth is Amazon still hitting numbers like 6.6% - where is the growth even coming from at this point?
>> No. 9804 Anonymous
2nd February 2024
Friday 5:37 pm
9804 spacer
>>9803
Isn't it the cloudy AWS bobbins? We give them a distressing amount each month.
>> No. 9805 Anonymous
3rd February 2024
Saturday 5:23 pm
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>>9804
AWS has indeed been subsidising the rest of the operation since it went big, though in recent years it's not been for lack of trying to make other parts of the business profitable.

In particular, one of the two major running jokes about AWS is their data charges, since you pay for both ingress and egress, and for most traffic within AWS you get hit at both ends. The other one is how nobody knows us-east-2 exists.
>> No. 9807 Anonymous
4th February 2024
Sunday 9:52 am
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>>9803
Amazon as a service to buy things is largely unusable for me at this point, bloated, unreliable reviews, cheap tat over solid branded items, never really delivers on time and one time they sent me a broken toothbrush which I returned, they said I didn't return and tried to charge me for until I emailed Jeff Bezos and his exec team sorted out my refund.
>> No. 9808 Anonymous
7th February 2024
Wednesday 5:56 pm
9808 How individual investors get fucked by AIM insiders
1. Tiny AIM company wants to raise some money for another helium drill.
2. AIM company tells all their city mates that the raise is coming soon.
3. Said mates sell all their shares in tiny helium driller, tanking the share price.
4. Tiny helium driller issues millions more shares. These shares are sold directly to the city boys at a 50% discount to the current share price.
5. Share price recovers on a bit of good news.
6. City boys sell off the shares they got at a discount. Stupid private investor buys the shares, thinking that the 3p must be a good deal because it was 6p only months ago (ignoring that there are now twice as many shares in issues).
7. Cycle continues until city boys have enough yachts.
>> No. 9809 Anonymous
7th February 2024
Wednesday 6:41 pm
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>>9808
How much did you lose?
>> No. 9810 Anonymous
14th February 2024
Wednesday 9:29 pm
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My cryptocurrency investments, for which I paid approximately £3,700 in total, have just passed £3000 in value for the first time since they plummeted to fuck all. Yippee!

HODL HODL HODL
>> No. 9811 Anonymous
18th February 2024
Sunday 1:15 am
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>>9717
>>9719
>>9721
It turns out that this was a really fucking stupid idea. I just put a grand in UKW and a grand in BP in the end but all my assumptions were wrong, we've had a warm winter without much snow, lower short-term energy prices and general pessimism is impacting UKW's discount rate and Rachel Reeves has ripped up support for wind. What's really killing the industry at the moment though is the supply chain disruption which is fragile at the best of times.

I'm a bit sour that I didn't plough everything into Rheinmetall considering 'things to kill Russian convicts with' is a booming industry right now and it is so bloody obvious in hindsight. Same with CRWD what with the democracy business and risk that Biden will have his telegraph machine hacked. I was still smart enough to do NATP though which should hopefully be a better investment over the longer-term.
>> No. 9812 Anonymous
5th March 2024
Tuesday 1:12 am
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>>9810
Bitcoins are now at their highest price ever, and I am in the black for the first time since a couple of weeks after I bought them at their previous highest-ever price. The reason for the insanely skyrocketing price is apparently that banks are buying up vast amounts of cryptocurrency and driving the price up. This makes the new high price feel a bit artificial, but then at the same time, the banks won't want their new investment to lose value so perhaps it is okay for me to hold hodl on for a bit longer. Or maybe I am about to see it collapse down to nothing again, and be angry with myself for another 2-3 years as the cycle repeats itself.
>> No. 9813 Anonymous
5th March 2024
Tuesday 12:43 pm
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>>9812

I left a tenner in the wallet of a darknet market last year, and this recent boom enabled me to buy a whole gram of cocaine with it. Solid investment.
>> No. 9814 Anonymous
12th March 2024
Tuesday 12:52 pm
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>>9812
>>9813

Looks like there's been another couple of cut and run exit scams on one of the darknet markets due to this recent spike. Lots of juicy drama to keep up with if you are into that sort of thing, but the trend usually is that there's a fall off in crypto when they try and dump a shitload of it onto the market to cash out their ill gotten gains. Keep your ears to the ground.

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